The Rent tax credit is back and we can now include it with your 2022 Tax Year Return. The official 39 page manual for the Rent tax credit is now published by Revenue (Link to manual), and we have summarized the most important data for you.

Are you eligible? Read below and let us know – we will include it in your 2022 Tax Return.

Rent Tax Credit

How Much Do I Save With The Rent Tax Credit?

The Rent Tax Credit will be worth up to €500 Tax Relief per year for eligible tenants.  This means that if you are Married and under Joint Assessment the overall amount will be €1,000.

When Can I Claim This?

The Rent tax credit can be claimed from January 2023 – please let us know if you paid rent at any stage in 2022 and 2023 and we will include it with your tax return.

Who Can Claim it? 

The Rent Tax Credit will be available in case:

  • You paid rent for your Principal Private Residence
  • You paid rent for your Child in College
  • You paid rent for a Second Property required for work or study

What Are The Criteria?

      • You can claim for rent paid by you for your Principal Private Residence. This means that this must be your primary place of residence.
      • A parent may claim for their child’s rent when attending college. But there is a stipulation on this that the rent is paid to a landlord registered with the RTB. This typically would exclude the parent from claiming where their child is renting a room in a house where the owner lives (as these are not subject to registration with the RTB).
      • Students can claim it themselves directly of course, but it will only result in a refund if they have paid income tax in that year.
      • Taxpayer who pay for rent for the purpose of attending work or study
      • You must not be in receipt of any Housing Support such as the Housing Assistance Payment and you must not be renting from a Housing Authority or Housing Association.
      • You must not be renting from or to your parent/child.

How Can I Claim the Rent Tax Credit?

If you are an existing client – or new client – of Red Oak, we will review your eligibility for the Rent Tax Credit starting in early 2023 as a part of your annual tax review.

What Can I Do Now?  

If you haven’t completed a review with Red Oak as of yet, or if you have applied for review prior to 2021 we will require an Application form to be filled out  HERE. This will allow us to keep you updated with the Rent Tax Credit, review your taxes for up to 2022 .  

Revenue eligibility checklist:

All conditions must apply to be eligible for the Rent Tax Credit.

  • Rent paid for Principal Private Residence
  • Rent paid for Child in College
  • Rent paid for Second Property required for work or study     

Source : http://www.revenue.ie/

Checklist details correct as at 6th January 2023 

Page updated: 06 January 2023