Tuesday 21 February 2017

Tax breaks for doing up homes to be extended

Published 23/09/2015 | 02:30

The announcement of the 12-month extension to the home renovation grant has been fast-tracked to encourage families to start arranging the works.
The announcement of the 12-month extension to the home renovation grant has been fast-tracked to encourage families to start arranging the works.

A lucrative tax break which allows families to claim back over €4,000 on home refurbishments will be extended until the end of 2016 under plans signed off by Finance Minister Michael Noonan.

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Mr Noonan will today urge homeowners to begin planning for home refurbishment works ahead of next Christmas as part of the latest sweetener due to be unveiled in the Budget.

The announcement of the 12-month extension to the home renovation grant has been fast-tracked to encourage families to start arranging the works.

Meanwhile, Dublin City councillors voted to reduce property tax by 15pc again, against the recommendation of chief executive Owen Keegan.

Councillors voted last year to cut the 2015 rate of property tax by the maximum 15pc.

The repeat decision means homeowners in the city will pay the same rates in 2016 as applied this year.

Irish Independent

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