Galway homeowners spend 4 million under new renovation scheme

Galway Bay fm newsroom – Galway homeowners have spent almost 4 million euro doing up their homes since the introduction of a tax break aimed at strengthing the construction sector. That's according to todays Irish Independent, which reports that 232 projects were carried out in Galway since last October under the Home Renovation Incentive introduced in the budget. The scheme provides tax relief to homeowners by returning 13.5 percent of the spend as income tax credit over two years. The average spend on renovation projects in the county was just over 16 thousand euro.