Taxes Consolidation Act 1997 section 473B

Rent tax credit

Section 473B provides an income tax credit for individuals who pay rent for residential accommodation, available for the years of assessment 2022 to 2028.

• The credit applies to rent paid for a claimant's principal private residence, a second home used to facilitate work or study, or a child's accommodation during an approved course.
• For 2024 to 2028, the credit equals 20% of qualifying rent paid, capped at €1,000 per year for a single individual and €2,000 for jointly assessed couples.
• Supported tenants, tenants renting from a specified landlord, and in certain cases tenants renting from a relative are excluded from the credit.
• A formal claim must be made to Revenue electronically, providing details of the tenancy, the payments made, and where possible the landlord's tax reference number.