Renovation costs can be put against tax

A tax incentive has been introduced to entice people to renovate their homes.

The scheme will be targeted at people willing to plough between €5,000 and €30,000 to extend or improve their properties.

It will cover all costs incurred in 2014 and 2015 and allow people to write off 13.5% of their investment from their tax bills over the subsequent two years.