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Deduction for retrofitting expenditure

  1. Overview
  2. Who can claim?
  3. How much relief can you claim?
  4. How to claim the relief
  5. Clawback of the relief

How much relief can you claim?

The deduction you can claim is the lesser of €10,000 or the amount incurred on the retrofitting works. The relief is available for a maximum of two premises.

  • Example

    You retrofit a rented premises and the total cost is €20,000. You receive a grant of €13,000 from the Sustainable Energy Authority of Ireland (SEAI). The amount you can claim is €7,000.

If you jointly own a rented residential premises, you can claim relief. The relief available is based on the portion of the rent you receive. For example, if you receive 50% of the rent, you can claim 50% of the relief. You claim for the retrofitting expenses incurred in the previous year rather than the current year.

The deduction for retrofitting operates in the same manner as other rental income deductions. It reduces the gross amount of rental income received and chargeable to Income Tax. The deduction also provides relief for Universal Social Charge (USC) and Pay Related Social Insurance (PRSI).

Next: How to claim the relief

Published: 01 May 2024 Print this page

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