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Rent Tax Credit 5 April 2023

RMcH states: The new Rent Tax Credit is available for the tax years 2022 to 2025. The Rent Tax Credit reduces the amount of Income Tax that you are due to pay for a tax year. To benefit from the Rent Tax Credit, you must have an Income Tax liability to offset against it.

 

The amount of Rent Tax Credit you can claim will be calculated for you when you submit your claim. This amount will depend on the amount of:

Rent means the amount you pay for use of the property. It does not include any amount you pay for extra services such as utilities, board or laundry. You should exclude any amount you pay for these services when calculating the rent you pay.

The maximum value of the Rent Tax Credit is €1,000 per year for jointly assessed married couples or civil partners. The maximum value is €500 in all other cases, including single persons. This is the case no matter how many properties you pay rent for during the year.

Subject to a number of conditions, the Rent Tax Credit may be available where you pay rent for:

The conditions which apply relate to the:

Additinal information https://www.revenue.ie/en/personal-tax-credits-reliefs-and-exemptions/rent-credit/index.aspx

 

Courtsey https://www.revenue.ie/en/Home.aspx

 

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