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Grant for buying a bicycle

  • 28-01-2009 11:17am
    #1
    The Bull O'Shea
    Closed Accounts Posts: 63 ✭✭


    Anyone know about this scheme to replace driving to work with cycling. I believe you are entitled to a grant on a new bike


Comments

  • #2
    Delphi91
    Registered Users, Registered Users 2 Posts: 1,501 ✭✭✭Delphi91


    It's mentioned here: http://www.revenue.ie/en/press/budget/2009/budget2009-summary.pdf


  • #3
    GeeNorm
    Registered Users, Registered Users 2 Posts: 162 ✭✭GeeNorm


    You pick bike (up to €1k)
    Employer buys it for you (and must be satisfied that it is for you to commute etc).
    Employer takes the money directly from your paychecks and you avoid paying tax on it. E.g paycheck of 3k per month less 50 euro per month towards bike, you only pay tax on 2950


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