Extensions, Conversions, Remodelling and Renovations
We at FBR Constructions have carried out countless renovations since established in 2001. We pride ourselves on transforming old ruins into innovative, modern & energy efficient homes. We work with clients from the very beginning right through to the finished result. We make their ideas tangible and offer assistance & guidance every step of the way. We at FBR Construction envisage your dreams and can help YOU get what you want at an affordable price by offering experience & advice. We pride ourselves on building relationships with our clients that diminish the barriers between contractor & client. You remain in control over YOUR premises; we are just here to help.
No matter how big or small the renovation is, we can give you extensive, well-rounded & impartial building advice. If you are revamping your own home or redeveloping a property to sell on, it’s likely the work you do will be subject to planning permission and building regulations. In October 2013, the Irish Government launched a new scheme that enabled home owners to claim tax relief on repairs, renovation or improvement work carried out on your home. Please see below for more information on HRI. So? What are you waiting for! Become your own Project Manager today!
Home Renovation Incentive (HRI)
“The incentive will be paid in the form of a tax credit at 13.5% of qualifying expenditure, which can be set against your income tax over 2 years. You must be paying income tax – under PAYE or self-assessment – to avail of the incentive. You must also be up to date with your Local Property Tax obligations.
Any contractor you use must be registered for Value Added Tax (VAT) in Ireland and be tax-compliant. If several contractors, such as a builder, a plumber and an electrician, carry out qualifying work on your home, you can combine the cost of the works to make up the minimum qualifying expenditure of €5,000 excluding VAT at 13.5%. (The maximum qualifying expenditure is €30,000 excluding VAT at 13.5%).
Repair, renovation or improvement work subject to VAT at 13.5% all qualify for the HRI, including extensions, garages and attic conversions; the supply and fitting of kitchens, bathrooms and built-in wardrobes; fitting of windows; plumbing, tiling, rewiring and plastering. Work subject to VAT at 23% (such as architect’s fees) is not covered. Neither are items such as furniture, white goods or carpets.
The work must be carried out and paid for between 25 October 2013 and 31 December 2015. Qualifying work between 25 October 2013 and 31 December 2013 will be treated as if it was carried out and paid for in 2014. In general, the tax credit will be payable over the 2 years following the year in which the work is carried out and paid for. If you are a PAYE taxpayer, the amount of the allowable credit will be included in your annual Tax Credit Certificates. If you are a self-assessment taxpayer, it will be incorporated into your tax assessment.”
If you wish to make improvements to your home, why not choose FBR Construction – we are a 100% Irish Family owned business who are VAT registered and Tax Compliant and put money back into our local economy.
See our Work
See our Renovations photo gallery for examples of previous renovation projects work we have completed