A new Rent Tax Credit was introduced in December 2022 for people who pay for private rented accommodation. The tax credit is 20% of the rent you paid in a year, up to a maximum of €500 per person, or a €1,000, if you are a couple jointly assessed for tax.
The credit is available for rent you have paid for:
- Your home
- A second home you use to take part in an approved course or your work
- A property your child uses so they can take part in an approved course. This only applies if your child is under 23 at the start of their first year.
To claim the credit your tenancy must be registered with the Residential Tenancies Board (RTB) unless you have a licence agreement. For example, if you are renting a room in a home that you share with the owner, you have a licence agreement and this does not have to be registered with the RTB.
The credit is not available if you are getting housing support, such as the Housing Assistance Payment or Rent Supplement.
The credit will be available for 2022 until 2025.
You can claim the tax credit for rent paid in 2022 by making a tax return for 2022.
You can claim the tax credit for 2023 by contacting Revenue (01) 7383638 or by logging onto your Revenue myAccount.
Further information is available by clicking here.