Are you renting out a room or rooms in your home? Did you know you can earn up to 14,000 euro tax free for each year, by applying the ‘Rent a room relief’ to your tax return?
Learn more about the ‘Rent a room relief’ – what it is, can you claim it and how we can help you.
What is Rent-a-Room relief?
The Rent-a-Room Relief lets you earn up to €14,000 per year tax-free if you rent out a room (or rooms) in your home to private tenants. A self-contained unit, such as a basement flat or a converted garage attached to your home, can qualify for this relief. You, as a landlord, must live in the property.
Are you eligible for the Rent-a-room relief?
You must meet ALL the qualifying criteria:
- Room (or unit) need to be in the house or directly attached to the house
- The rooms you let out must be in your Principal Private Residence
- Gross income should not exceed 14,000 euro (including income arising from provision of meals, laundry, cleaning)
- You rent out the unit for a minimum of 4 consecutive weeks in the year
- The room is not let out to your civil partner, son or daughter
- The room is not let out to your employee
How can we help you?
Keep in mind that this income, although it is tax free, needs to be declared to Revenue, with your end of year return. We can add this to your tax return, you just need to confirm the qualifying criteria and we will let you know if you are eligible for that relief.
To start your Rent-a-Room return, please follow this link to online payment HERE . Select the number of years you would like to declare.
Please fill and sign an application form with Red Oak, following this link HERE
Please make sure to fill in the email address you are registered with us to ensure we will allocate your account.
Source : https://www.revenue.ie/
Page updated: 11 January 2023