{"id":11669,"date":"2024-06-10T15:51:59","date_gmt":"2024-06-10T13:51:59","guid":{"rendered":"https:\/\/seoblog.taxback.com\/?p=11669"},"modified":"2024-06-10T16:09:52","modified_gmt":"2024-06-10T14:09:52","slug":"residential-premises-rental-income-relief","status":"publish","type":"post","link":"https:\/\/www.taxback.com\/blog\/residential-premises-rental-income-relief\/","title":{"rendered":"Tax relief for landlords in Ireland &#8211; what you need to know about the Residential Premises Rental Income Relief"},"content":{"rendered":"<p>A new relief was <a href=\"https:\/\/www.taxback.com\/blog\/budget-2024-impact-ireland-taxback\" target=\"_blank\" rel=\"noopener\">introduced in Budget 2024<\/a> with the aim of assisting landlords operating within the Irish housing market.<\/p>\n<p>The relief &#8211; known as the Residential Premises Rental Income Relief (RPRIR) &#8211; is a new tax credit which encourages smaller landlords to keep their property available for rent for the next four years.<\/p>\n<p>However, not every landlord will be eligible for the new credit.<\/p>\n<p>In this blog, we\u2019ll delve into the RPRIR, and see what you will need to do to meet the eligibility criteria and claim this tax credit.<\/p>\n\n<h2 id=\"what-is-the-residential-premises-rental-income-relief\">What is the Residential Premises Rental Income Relief?<\/h2>\n<p>It\u2019s safe to say that many smaller landlords in Ireland can find the process of filing <a href=\"https:\/\/www.taxback.com\/en\/ireland\/self-assessed-tax-return\/\" target=\"_blank\" rel=\"noopener\">self-assessed tax returns<\/a> difficult and are thus unaware of many of the reliefs which are applicable to them.<\/p>\n<p>This is an area the government targeted in Budget 2024, and so brought in the RPRIR.<\/p>\n<p>The RPRIR is a brand new Irish tax credit for landlords who agree to keep their rental properties on the market for the next four years.<\/p>\n<p><strong><p style=\"text-align: center;\"><strong>If you are a landlord, you could be due a tax refund<\/strong><\/p>\r\n<p style=\"text-align: center;\" class=\"orange-cta-btn\"><a style=\"padding: 15px; text-align: center; border-radius: 30px; font-size: 20px; font-weight: bold; background-color: #e74632; color: #fff; margin: 25px 0px 25px 0px;\" href=\"https:\/\/www.taxback.com\/user\/#\/application\/ireland\/essentials\"; target =\"_blank\" rel=\"noopener\";>GET YOUR REFUND NOW<\/a><\/p><\/strong><\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"what-are-the-eligibility-criteria-for-the-rprir\">What are the eligibility criteria for the RPRIR?<\/h2>\n<p>There are various criteria you must meet to qualify for the RPRIR.<\/p>\n<p>In order to successfully claim the relief, on 31 December of the year in which relief is being claimed, you must:<\/p>\n<ul>\n<li>Own the qualifying residential premises<\/li>\n<li>Hold a valid Tax Clearance Certificate<\/li>\n<\/ul>\n<p>and<\/p>\n<ul>\n<li>Be Local Property Tax (LPT) compliant.<\/li>\n<\/ul>\n<p>There are also criteria that the qualifying premises must meet.<\/p>\n<p>For example, the property must be:<\/p>\n<ul>\n<li>Rented under a tenancy registered with the Residential Tenancies Board (RTB)<\/li>\n<li>Rented to a tenant and be a formerly rent controlled premises not required to be RTB registered<\/li>\n<li>Rented to a local authority<\/li>\n<li>or<\/li>\n<li>Actively marketed for rent.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-11675\" src=\"https:\/\/taxback.com\/blog\/wp-content\/uploads\/2024\/06\/residential-premises-rental-income-relief.jpg\" alt=\"residential premises rental income relief in Ireland\" width=\"782\" height=\"447\" srcset=\"https:\/\/www.taxback.com\/blog\/wp-content\/uploads\/2024\/06\/residential-premises-rental-income-relief.jpg 782w, https:\/\/www.taxback.com\/blog\/wp-content\/uploads\/2024\/06\/residential-premises-rental-income-relief-300x171.jpg 300w, https:\/\/www.taxback.com\/blog\/wp-content\/uploads\/2024\/06\/residential-premises-rental-income-relief-768x439.jpg 768w, https:\/\/www.taxback.com\/blog\/wp-content\/uploads\/2024\/06\/residential-premises-rental-income-relief-380x217.jpg 380w\" sizes=\"auto, (max-width: 782px) 100vw, 782px\" \/><\/p>\n<h2 id=\"how-much-can-i-claim-with-the-rprir\">How much can I claim with the RPRIR?<\/h2>\n<p>Put simply, the amount that you can claim will depend on the year of assessment for which you claim the relief.<\/p>\n<p>That\u2019s because the amount claimable for each year is restricted to the lessor of:<\/p>\n<ul>\n<li>\u20ac600 in 2024<\/li>\n<li>\u20ac800 in 2025<\/li>\n<li>\u20ac1,000 in 2026 and 2027<br \/>\nor<\/li>\n<li>20% of your total rental income profit from rented residential premises (less capital allowances and any losses carried forward) for the year.<\/li>\n<\/ul>\n<p><strong><p style=\"text-align: center;\"><strong>The average Irish tax refund is \u20ac1,880<\/strong><\/p>\r\n<p style=\"text-align: center;\" class=\"orange-cta-btn\"><a style=\"padding: 15px; text-align: center; border-radius: 30px; font-size: 20px; font-weight: bold; background-color: #e74632; color: #fff; margin: 25px 0px 25px 0px;\" href=\"https:\/\/www.taxback.com\/user\/#\/application\/ireland\/essentials\">GET YOURS NOW<\/a><\/p><\/strong><\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"can-i-claim-the-rprir-for-multiple-properties\">Can I claim the RPRIR for multiple properties?<\/h2>\n<p>No.<\/p>\n<p>If you are a landlord with more than one residential premises, you can only claim a single tax relief for each year.<\/p>\n<p><strong><p style=\"text-align: center;\"><strong>If you are a landlord, you could be due a tax refund<\/strong><\/p>\r\n<p style=\"text-align: center;\" class=\"orange-cta-btn\"><a style=\"padding: 15px; text-align: center; border-radius: 30px; font-size: 20px; font-weight: bold; background-color: #e74632; color: #fff; margin: 25px 0px 25px 0px;\" href=\"https:\/\/www.taxback.com\/user\/#\/application\/ireland\/essentials\"; target =\"_blank\" rel=\"noopener\";>GET YOUR REFUND NOW<\/a><\/p><\/strong><\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"how-can-i-claim-the-rprir\">How can I claim the RPRIR?<\/h2>\n<p>The easiest way to claim the RPRIR is by using Taxback!<\/p>\n<p>Sure, you could always complete the tricky paperwork by yourself, but why not ensure you are FULLY tax compliant?<\/p>\n<p>Taxback will do just that for you. When you use our service, <a href=\"https:\/\/www.taxback.com\/en\/ireland\/\" target=\"_blank\" rel=\"noopener\">we will file a compliant tax return<\/a>, minimise your tax bill and ensure you claim everything you\u2019re owed<\/p>\n<p>So, get started today &#8211; file your tax return and secure your refund!<\/p>\n","protected":false},"excerpt":{"rendered":"A new relief was introduced in Budget 2024 with the aim of assisting landlords operating within the Irish&hellip;\n","protected":false},"author":371,"featured_media":11678,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"yes","_lmt_disable":"no","footnotes":""},"categories":[368,361],"tags":[],"class_list":{"0":"post-11669","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tax-tips-ireland","8":"category-tax-tips"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tax Relief for Landlords in Ireland: Complete RPRIR Guide<\/title>\n<meta name=\"description\" content=\"Discover the Residential Premises Rental Income Relief (RPRIR) for landlords in Ireland. 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