No, this benefit is tax-free under the Bike to Work scheme.
The exemption covers up to:
- €1,250 for a regular bike
- €1,500 for an electric bike or pedelec
- €3,000 for cargo and ecargo bikes
You can use the scheme once every four years.
Is the provision of bicycles or bicycle safety equipment taxable as BIK?
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About the Author: Cathal Maxwell
Cathal brings over 40 years of tax experience, advising individuals and businesses on Income Tax, Capital Taxes, Inheritance Tax, Stamp Duty, and VAT.
