Michael McGrath (Cork South Central, Fianna Fail)
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73. To ask the Minister for Finance if the home renovation incentive scheme applies in circumstances (details supplied). [47520/13]

Michael Noonan (Limerick City, Fine Gael)
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As the Deputy is aware, I announced the Home Renovation Incentive in the recent Budget. This scheme will run from 25 October 2013 to 31 December 2015 and provides for tax relief for homeowners by way of a tax credit at 13.5% of qualifying expenditure incurred on repair, renovation or improvement work carried out on a principal private residence. The legislation states that a qualifying residence is a residential premises situated in the state and which is either owned by the individual and occupied as their only or main residence, or has previously been occupied as a residence and has been purchased by the individual for occupation as their only or main residence one works have been completed.

As the property in question is not currently the principal private residence of the individuals concerned or has previously been occupied as a residence, it will not qualify for the Home Renovation Incentive.