G
gillcole
Guest
In the Budget of December 2010 Mr Lenihan outlined at Section 13 of the Finance Act, 2011 that anyone who upgrades the energy efficiency of their home would be able to claim tax credits at standard rate. In 2011 I upgraded my heating system and insulation and now wish to claim. I found this in the dail debates page and now seeking advice.
Deputy Billy Kelleher asked the Minister for Finance if the relief for energy efficiency measures to the maximum value of €10,000 announced in budget 2011 will be honoured in 2012 to award credits to members of the public who undertook such work; and if he will make a statement on the matter.
Minister for Finance (Deputy Michael Noonan): Section 13 of Finance Act 2011 provided for income tax relief at the standard rate for expenditure incurred by individuals on a range of works carried out to improve the energy efficiency of residential premises situated in the State. The underpinning legislation for the scheme was subject to Commencement Order. However, that legislation, on review, was found to have flaws and would have required amendment before it could be implemented.
As part of the announcement in the Jobs Initiative, the Government undertook to provide further funding for the grants available under the Better Energy Homes scheme operated by the Sustainable Energy Authority of Ireland (SEAI). Because of these circumstances, I decided to review the requirement for a co-existing tax incentive for similar works and, following this review, I decided not to proceed with the introduction of the tax relief scheme.
can anyone advice? Also my SEAI grant actually decreased due to the SEAI changes so that statement is a load of blahony! All comments welcome and advice.
Deputy Billy Kelleher asked the Minister for Finance if the relief for energy efficiency measures to the maximum value of €10,000 announced in budget 2011 will be honoured in 2012 to award credits to members of the public who undertook such work; and if he will make a statement on the matter.
Minister for Finance (Deputy Michael Noonan): Section 13 of Finance Act 2011 provided for income tax relief at the standard rate for expenditure incurred by individuals on a range of works carried out to improve the energy efficiency of residential premises situated in the State. The underpinning legislation for the scheme was subject to Commencement Order. However, that legislation, on review, was found to have flaws and would have required amendment before it could be implemented.
As part of the announcement in the Jobs Initiative, the Government undertook to provide further funding for the grants available under the Better Energy Homes scheme operated by the Sustainable Energy Authority of Ireland (SEAI). Because of these circumstances, I decided to review the requirement for a co-existing tax incentive for similar works and, following this review, I decided not to proceed with the introduction of the tax relief scheme.
can anyone advice? Also my SEAI grant actually decreased due to the SEAI changes so that statement is a load of blahony! All comments welcome and advice.