Rent Tax Credit

Overview

The new Rent Tax Credit is available for the tax years 2022 to 2025 inclusive. The Rent Tax Credit reduces the amount of Income Tax that you are due to pay for a tax year.

Note:

You can now claim your Rent Tax Credit for the 2022 tax year on your Income Tax Return. If you have PAYE Income, this can be done through myAccount. Otherwise, you can do this through Revenue Online Services (ROS).

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 you pay
  • and
  • Income Tax you pay.

Rent means the amount you pay for use of the property. It does not include any amount you pay for extra services such as board or laundry. You should exclude any amount you pay for this type of service 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:

  • your principal private residence
  • another property you use to facilitate your attendance at work or on an approved course
  • or
  • a property used by your child to facilitate their attendance on an approved course.

The conditions which apply relate to the:

  • location and use of the rental property
  • type of tenancy
  • relationship between you, or your child, and the landlord
  • and
  • age of your child and the type of course they are attending, where relevant.

Example

John resides in student digs and makes a rental payment of 500 euro per month during the 2023 tax year. As part of his rental agreement, John receives several meals a week.

For the Rent Tax Credit, John will have to apportion his monthly rental payment between:

    • the amount attributed to his occupation and use of the rooms available to him
    • and
    • the amount attributed to the food and board provided to him.

Next: Qualifying conditions for all claimants