Tax Relief on Water Charges. Budget 2015
An income tax relief will apply to Water Charges from Jan 2015. This will mean that people paying income tax will be able to reduce their tax bill by 20% of their water charges . (Max relief of €100 a year). Based on the often quoted average water charge of €238 – that tax relief would be worth just €48 a year on average to income tax payers. Obviously – bigger users of water with bigger bills will be able to claim more. To get the maximum €100 tax relief – your water bill would need to be €500 a year or more. (Easily possible – see some estimated metered charges here.
The Government estimate this tax relief will cost them €40 Million a Year.