The Private Residential Lease rules apply to income derived on or after 1 January 2020 from a private lease. Provided the lease have a duration of 2 years or more and it is registered with the Housing Authority as a long private residential lease. It shall also apply to leases which were entered into prior to the enactment of the Act, but were renewed after 1st January 2020.
A person who opt to have such rental income to tax at 15% on the gross rent can get a tax rebate. The rebate is granted as a deduction from the tax chargeable at 15% on rent.
The applicable tax rebate is of:
| Duration of the lease | Number of bedrooms | Tax rebate |
| At least two but less than three years | One | €200 |
| Two | €300 | |
| Three | €400 | |
| Three year or more | One | €300 |
| Two | €400 | |
| Three | €500 |
We are here to help you navigate through any kind of taxation issues you may come across. Whether it is buying, selling or renting a property, we will find you the best tailor-made and up-to-date solutions available.
