Living City Initiative (LCI)

Rented Residential (Landlord) Relief

Rented Residential (Landlord) Relief is for individuals or companies who:  

• convert or refurbish a property in a Special Regeneration Area (SRA) during the Qualifying Period 
• and
• rent the property to someone who will live in it.  

Conditions for Rented Residential (Landlord) Relief:   

To qualify:

• The property must be in an SRA. 
• The property must have been built before 1975 (prior to 1 January 2026 the property age requirement was pre-1915).
• You must have a Letter of Certification from the local authority. 
• You must rent the property to someone who will live in it  
• and
• conversion or refurbishment expenses must exceed €5,000.

How to make a claim?  

You can claim relief on the Revenue Online Service (ROS) for the year the expenditure is incurred by filing an Income Tax or Corporation Tax Return. 

Rate of relief  

Relief is given as capital allowance against rental income.   

For qualifying expenditure:  

• Before 2026: 
  • Allowances are given over 7 years at:  
    • 15% for 6 years
    • and
    • 10% in year 7.  
    • Unused allowances may be carried forward against rental income for up to 7 years. 
• From 2026 onwards:
  • Allowances are given at 50% a year for two years.
  • Unused allowances may be carried forward against rental income for up to 10 years.    

Grants  

You may be entitled to a grant towards the cost of refurbishing or converting the property. When calculating the amount of relief, you must subtract the amount of grant received or receivable from qualifying costs.   

If making a claim for 2025 or earlier, you must reduce the qualifying costs by three times the amount of the grant. 

Limits  

This relief is subject to the passive investor restrictions and the high earner restrictions.  

This relief is also subject to the de minimis regulation. This means the maximum relief is capped at €300,000 in any three-year period. This limit includes any other aid (grants or tax relief) from de minimis sources.  

Prior to 2026, relief under the Rented Residential (Landlord) Relief was limited to €200,000 per project.   

This relief was not available to property developers before 2026.  

Qualifying Period  

The qualifying period is the start date of the LCI scheme, or the start date of the SRA.   

The qualifying periods for Rented Residential (Landlord) Relief started on:  

• 1 January 2017 
  • Dublin
  • Cork 
  • Galway
  • Kilkenny
  • Limerick
  • Waterford
• 8 April 2026  
  • Athlone
  • Drogheda
  • Dundalk
  • Letterkenny
  • Sligo

You can claim LCI relief up to 31 December 2030.   

For further information on the Rented Residential (Landlord) Relief, please see Tax and Duty Manual Part 10-13-01b. 

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