Tax Credit for Private Rented Accommodation
You must have been renting a property as your residence on the 7th December 2010 to be allowed claim tax relief for later tax years.
The rate of tax relief is being phased out over the years 2010 to 2017. There will be no tax relief allowed after 2017.
Tax relief is due at the standard rate of tax (20%) for rent paid during the tax year in respect of a property used as your private residence. There is a ceiling on the amount of the tax relief that you receive. This ceiling depends on age (under 55 ) and if single or married/in a civil partnership.
The maximum tax relief for 2015 is as follows
Under 55 and single – €120
Age 55 + and single – €240
Under 55 and married – €240
Age 55 + and married – €480
The maximum tax relief for 2016 is as follows
Under 55 and single – €80
Age 55 + and single – €160
Under 55 and married – €160
Age 55 + and married – €320
Our tax calculators will automatically give the tax relief you are due when using our systems to complete your tax return form.