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Rented Property - Rent Relief Tax Credit
Are you renting private accommodation?
Did you know that you are entitled to tax relief at 20% on your rental payments each year?The amount that can be claimed depends on your personal circumstances but it is not available to individuals if they are renting from a Housing Authority.
Example – Tax Year 2009
The tax relief available is at the standard rate of tax, currently 20%.
The maximum allowance that is available to a single individual under the age of 55 is €2,000. Therefore you will be entitled to a tax refund of €400 (€2,000 x 20%).
The maximum allowance that is available for married people and for single people over the age of 55 is €4,000. Therefore you will be entitled to a tax refund of €800 (€4,000 x 20%).
