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Home Renovation Incentive
The Home Renovation Incentive (HRI) is being introduced as a means of incentivising the construction sector.The works must be carried out on a person's main or principal private residence and qualifying works include a range of services including plastering,plumbing, bathroom upgrades, landscaping,fitting of kitchens and supply & fitting windows etc.
The incentive is designed to support tax compliant Contractors who must be registered for VAT.
Patrick Briody & Sons Ltd has sought clarification from Revenue with respect to installing a private well & related services (pump installation,water treatment & associated civil works) for existing dwellings whether these works are eligible under the HRI scheme. Revenue have confirmed that the scheme also includes drilling of a private well where current water supply is inadequate or of a poor quality,building of a pump house,if necessary,submersible pump installation & water treatement where appropriate.The work can be carried out as one Job or on a phased basis and it can be carried out by one or more Contractors for the different elements of the works.
So now is the time to take on that new water supply project....meters are being installed placing an annual cost of water on mains water,assurance on good quality water supply & consistent pressure is essential and now your are being incentivised to kick-on with the works.Go for it!!