Architectural Barrier Removal Bonus: Who Qualifies and What You Get

This scheme provides a tax incentive for making homes more accessible by removing physical obstacles.

👤Who it's for

This is designed for homeowners or caregivers who are performing renovations to improve accessibility within a building.

🎁What you get

You can receive a 75% tax deduction on the expenses incurred for specific accessibility improvements. This includes costs for installing lifts, building ramps, or making necessary modifications to bathrooms.

💰What it costs you

While the benefit is a tax deduction, you must follow strict administrative steps. You are required to keep all certified invoices and provide proof that payments were made via bank transfer.

⚠️The catch to know

The rules regarding how you can discount or use your invoice credits change frequently. You should check the specific limits and regulations for the current year before starting work.

📝How to apply

1. Ensure your renovation project meets the specific accessibility requirements.
2. Pay for all works using a traceable bank transfer.
3. Collect and store all certified invoices for your records.
4. Consult with a tax professional to claim the deduction on your tax return.