Budget 2023 saw the introduction of a new Rent Tax Credit.
The maximum Credit available is €1,000 for jointly assessed partners, or €500 in all other cases.
Subject to conditions, the Credit maybe be available where you pay rent for:
- Your principial private residence
- Another property used to facilitate your attendance at work or an approved course
- A property used by your child to facilitate their attendance on an approved course
The new Credit will be available for the tax years 2022 to 2025.
Availability will depend on the location and use of the rental property, as well the type of tenancy and the relationship between all parties involved.
Please see the Revenue website for further details and conditions.