Construction Industry Federation seeks tax rebate as €1.7bn spent on renovations

The Construction Industry Federation has called for a tax rebate to aid companies with large building stock to renovate and improve the energy efficiency of their properties.

The CIF said the scheme would be in a similar vein to the Home Renovation Incentive (HRI) which, it said, has generated €1.737bn in spending on 107,386 home improvement projects over the last four years.

The HRI provides homeowners with an income tax credit at 13.5% of qualifying expenditure on home improvement works carried out on a main home or rental property by qualifying contractors.