Question 1

What is the rent tax credit in Ireland for 2024 and how do I claim it?

Accepted Answer

Ireland introduced a rent tax credit in 2022 to help renters with the cost of private rental accommodation. For 2024, the credit is €750 per person per year (increased from €500 in earlier years), or €1,500 for a couple jointly assessed. It directly reduces your income tax bill, not just your taxable income.

The credit is available to private renters paying rent to a landlord for their main residence, student renters paying rent for accommodation used while attending a qualifying college, and p

Question 2

How does the Help to Buy scheme work in Ireland?

Accepted Answer

The Help to Buy (HTB) scheme is an Irish government incentive for firsttime buyers purchasing a newbuild home or selfbuild. It provides a tax rebate of up to 10% of the purchase price, capped at €30,000, to help with the deposit.

The rebate is based on income tax and DIRT paid over the previous four tax years. You can claim back up to the full amount of income tax and DIRT paid in those four years, subject to the 10%/€30,000 cap. Claimants must have paid sufficient income tax to receive the ful

Question 3

How are non-resident landlords taxed on Irish rental income?

Accepted Answer

Irish rental income is always taxable in Ireland, even if the landlord lives abroad. When a nonresident landlord lets property in Ireland, the tenant is legally required to deduct 20% income tax from the gross rent and remit it directly to Revenue, unless the landlord has appointed an Irishresident collection agent.

The collection agent (typically a property management company or solicitor) takes responsibility for ensuring the tax is paid on the landlord's behalf. Once an agent is appointed an

Question 4

How does the temporary mortgage interest relief work in Ireland for 2024?

Accepted Answer

Ireland introduced a oneoff temporary mortgage interest relief for 2023 and 2024 to help homeowners dealing with rising interest rates. This is a separate measure from the old mortgage interest relief that was phased out by 2021 — it is specifically targeted at tracker and variable rate mortgage holders who have seen their rates increase since 2022.

Who qualifies?

To claim the 2024 mortgage interest relief, you must:
 Have had an outstanding mortgage balance of between €80,000 and €500,000 on

Categories

Property Tax Questions & Answers

What is the rent tax credit in Ireland for 2024 and how do I claim it?

How does the Help to Buy scheme work in Ireland?

How are non-resident landlords taxed on Irish rental income?

How does the temporary mortgage interest relief work in Ireland for 2024?