Claim for retrofitting

Claim for retrofitting of rented property ?

This is available for landlords of rented residential premises.

The relief allows you to deduct certain expenses incurred on retrofitting such premises in calculating your rental profits.

The deduction is only available if you have received an approved retrofitting grant from the Sustainable Energy Authority of Ireland (SEAI).

You must carry out the retrofitting works between 1 January 2023 and 31 December 2025.

The relief is available for a maximum of two premises.

The deduction is only available if you:

1. have received an approved retrofitting grant from the Sustainable Energy Authority of Ireland (SEAI)
2. have complied with your Local Property Tax (LPT) obligations in respect of the premises
3. have a valid Tax Clearance Certificate.
4. Let to tenant for period of works
5. Tenancy is registered with PRTB
6. Property is based in the state.

The deduction you can claim is the lesser of €10,000 or the amount incurred on the retrofitting works less the SEAI grant.

Any queries on the above give me a call on 091 763817 or email at oliver@taxreturnhelp.ie