Welcome to the Piano World Piano Forums
Over 2 million posts about pianos, digital pianos, and all types of keyboard instruments
Join the World's Largest Community of Piano Lovers (it's free)
It's Fun to Play the Piano ... Please Pass It On!

Gifts and supplies for the musician
SEARCH
the Forums & Piano World

This custom search works much better than the built in one and allows searching older posts.
Ad (Piano Sing)
How to Make Your Piano Sing
(ad) Pearl River
Pearl River Pianos
(ad 125) Sweetwater - Digital Keyboards & Other Gear
Digital Pianos at Sweetwater
(ad) Pianoteq
(ad) P B Guide
Acoustic & Digital Piano Guide
Who's Online
58 registered (AnimistFvR, aceydawg, beet31425, 16 invisible), 1087 Guests and 23 Spiders online.
Key: Admin, Global Mod, Mod
Quick Links to Useful Piano & Music Resources
Our Classified Ads
Find Piano Professionals-

*Piano Dealers - Piano Stores
*Piano Tuners
*Piano Teachers
*Piano Movers
*Piano Restorations
*Piano Manufacturers
*Organs

Quick Links:
*Advertise On Piano World
*Free Piano Newsletter
*Online Piano Recitals
*Piano Recitals Index
*Piano & Music Accessories
*Music School Listings
* Buying a Piano
*Buying A Acoustic Piano
*Buying a Digital Piano
*Pianos for Sale
*Sell Your Piano
*How Old is My Piano?
*Piano Books
*Piano Art, Pictures, & Posters
*Directory/Site Map
*Contest
*Links
*Virtual Piano
*Music Word Search
*Piano Screen Saver
*Piano Videos
*Virtual Piano Chords
(ad) Estonia Piano
Estonia Pianos
Topic Options
#2189460 - 11/28/13 12:17 AM Tax incentive for home renovation in Ireland
Noah Stein Offline
Junior Member

Registered: 11/19/13
Posts: 1
Wouldn’t it be nice if we were reimbursed for a portion of our home renovation projects here in the United States? Imagine what put-off projects you might be tempted into doing. Well, that’s what’s happening in Ireland, where the government has recently put into effect a tax incentive program offering a “13.5% reduction on home renovations.”

Qualifying for the tax break


Almost any Irish home owner qualifies. They simply need to own a home, desire to get some work done on it, pay their property taxes, and meet the minimum renovation cost requirement. This incentive is aimed at primary residences, not rental or investment properties, which don’t qualify. Homeowners must also complete their renovation or have it planned by December 31st, 2015, after which time the incentive program will expire.

Meeting the minimum cost requirement

Money earned under the tax incentive is paid out to the applicant in the two pieces broken up between the two tax years following their completed renovation. The Irish Times explained, “All work which costs between €5,000 and €30,000 is eligible. If you spend more than €30,000, the maximum you will be allowed to claim back is €4,050. So, if you spend €6,000 on a new bathroom for example, you will be able to claim back €810 against your tax.” The nice thing is, the minimum €5,000 doesn’t have to be spent all at once. Irish homeowners have the next 2 years to spend at least that much on a number of smaller projects and they can still qualify.

Renovation options

A surprising number of renovation projects can count towards this credit. These options, according to the Irish Times, include: “Extensions, garages, attic conversions, supply and fitting of kitchens, bathrooms and built in wardrobes, window fitting, plumbing, tiling, rewiring, and plastering.” You can also count any landscaping considered part of the “repair, renovation, and improvement” of the household. However, the incentive doesn’t apply towards carpet or furniture.

Rationale for incentive


The reasoning behind this tax incentive is not, as you might assume, to encourage people to increase the value of their homes or fix structural problems. Actually, Finance Minister Michael Noonan said, “It is designed to stimulate increased activity in the sector and boost employment.”

Interior Decorating and Remodeling News Brought to You by BaseBoardHeaterGuru.com

Sources:
irishtimes.com/life-and-style/homes-and-property/do-your-home-work-how-tax-relief-scheme-works-1.1585825
irishexaminer.com/business/renovation-tax-relief-rules-clarified-250860.html

Top
#2249289 - 03/20/14 06:01 AM Re: Tax incentive for home renovation in Ireland [Re: Noah Stein]
compianist1 Offline
Full Member

Registered: 12/13/13
Posts: 121
Loc: Banned
YEAH I AGREE

Top

What's Hot!!

Forums Rules & Help
-------------------
ADVERTISE
on Piano World

The world's most popular piano web site.
-------------------
PIANO BOOKS
Interesting books about the piano, pianists, piano history, biographies, memoirs and more!
(ad) Yamaha CP Music Rest Promo
Yamaha CP Music Rest Promo
Ad (Seiler/Knabe)
Seiler Pianos
(ad) HAILUN Pianos
Hailun Pianos - Click for More
(125ad) Dampp Chaser
Dampp Chaser Piano Life Saver
(ad) Lindeblad Piano
Lindeblad Piano Restoration
(ad) Piano Music Sale - Dover Publications
Piano Music Sale
Sheet Music Plus (125)
Sheet Music Plus Featured Sale
New Topics - Multiple Forums
Are there any upright owners who leave the front open?
by harpon
11/29/14 01:00 AM
They don't call him the 'Poet of the Piano' for nothing!
by JoelW
11/28/14 11:53 PM
Steinway rebuild question
by schlaigs
11/28/14 10:00 PM
Baldwin Hamilton Hammer Butt and Back Stop Leather
by Ryan Hassell
11/28/14 09:55 PM
Please help me to find out the pattern of this Cdim7
by SZ54
11/28/14 08:12 PM
Forum Stats
77083 Members
42 Forums
159435 Topics
2342066 Posts

Max Online: 15252 @ 03/21/10 11:39 PM
Gift Ideas for Music Lovers!
Find the Perfect Gift for the Music Lovers on your List!
Visit our online store today.

Visit our online store for gifts for music lovers

 
Help keep the forums up and running with a donation, any amount is appreciated!
Or by becoming a Subscribing member! Thank-you.
Donate   Subscribe
 
Our Piano Related Classified Ads
|
Dealers | Tuners | Lessons | Movers | Restorations | Pianos For Sale | Sell Your Piano |

Advertise on Piano World
| Subscribe | Piano World | PianoSupplies.com | Advertise on Piano World | Donate | Link to Us | Classifieds |
| |Contact | Privacy | Legal | About Us | Site Map | Free Newsletter | Press Room |


copyright 1997 - 2014 Piano World ® all rights reserved
No part of this site may be reproduced without prior written permission