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Home Renovation Incentive Scheme (HRI)

Save Money on New Windows and Doors

The Budget 2014 Finance Bill provides for a Home Owners Renovation (HRI) Scheme which will run until the end of December 2016. The supply and fit of new windows and doors is eligible.

Tax relief will be offered in the form of a tax credit of 13.5% of all qualifying expenditure in relation to repair, renovation and improvement work.  Below is a table of how much you could save on new windows and doors.

Home Renovation Incentive (HRI) Scheme 2014 - 2016

Price of Windows / Doors

€    incl. VAT

Income Tax Credit

€    incl. VAT

New Price availing of HRI scheme

€   incl. VAT

5,000 595 4,405
5,675 675 5,000
10,000 1,189 8,811
15,000 1,784 13,216
20,000 2,379 17,621
25,000 2,974 22,026
30,000 3,568 26,432
34,050 4,050 30,000
40,000 4,050 35,950

In order to qualify for this scheme there are a number of criteria that must be met.

  • The cost of work must be a minimum of €5,000 including VAT
  • Work exceeding €34,050 incl. VAT will be eligible for a maximum tax credit of €4,050
  • Work must take place between 25th October 2013 and 31st December 2016
  • The credit is payable over the two years following the year of work completion.
  • Only tax compliant Window and Door Contractors are eligible under the scheme. Click here to see Carlson's Tax Compliance
  • Owner occupiers of a principal private residence who are LPT tax compliant are eligible.
  • Tax credits can be claimed after the work to the property is complete, as long as the work commenced on or after the 25th October 2013 and be completed by end December 2016.

All information provided is for guidance only and we would recommend that those availing of this incentive follow the specific guidelines detailed on the Revenue Commissioner’s website http://www.revenue.ie/en/tax/it/reliefs/hri/

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