Deduction for retrofitting expenditure
Overview
A new relief is available for landlords of rented residential premises. The relief allows you to deduct certain expenses incurred on retrofitting such premises in calculating your rental profits. The deduction is only available if you have received an approved retrofitting grant from the Sustainable Energy Authority of Ireland (SEAI).
You must carry out the retrofitting works between 1 January 2023 and 31 December 2028.
The relief is available for a maximum of two premises for years the 2023, 2024 and 2025. The Finance Act 2025 subsequently increased the number of qualifying premises to three for years 2026, 2027 and 2028.
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