Home Renovation Incentive
Maghery Brothers are fully tax-compliant contractors and our work is eligible for the Home Renovation Incentive scheme which enables homeowners or landlords to claim tax relief on repairs, renovations or improvement work that is carried out on their main home or rental property (by tax-compliant contractors and that is subject to 13.5% VAT).
The work Maghery brothers provide must cost at least €4,405 before VAT at 13.5%, which adds to a total of €5,000 with VAT included. You will then receive the tax credit in relation to a maximum of €30,000 (before VAT) during the 2 years covered by the HRI.
To qualify for the HRI as an owner-occupier, the work must be carried out on your principal private residence. Maghery Brothers General Builders are registered for Value Added Tax (VAT) in Ireland and are fully tax-compliant.
The work Maghery brothers provide must cost at least €4,405 before VAT at 13.5%, which adds to a total of €5,000 with VAT included. You will then receive the tax credit in relation to a maximum of €30,000 (before VAT) during the 2 years covered by the HRI.
The Home Renovation Incentive has been extended until 31 December 2018.