Renovation tax relief rules clarified

The Oireachtas finance committee has clarified that homeowners will be able to claim for tax relief of 13.5% on home improvement works if the total spent exceeds €5,000.

The measure had been understood to be limited to a one-off renovation valued at €5,000 to €30,000.

But Finance Minister Micheal Noonan clarified yesterday that people would be able to claim for a number of jobs over the life of the home renovation tax incentive, designed to run until 2016, so long as the total cost exceeds €5,000.