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rental tax credit help

  • 05-05-2011 11:22am
    #1
    strewthelvis
    Registered Users, Registered Users 2 Posts: 87 ✭✭


    hi all,

    This is probably a stupid question but i really dont understand tat/revenue stuff. I have been renting a house the past number of years and i decided this year to apply for rent tax credits.

    So i did the paye online thing and it says for 2008/09/10 gross relief due in in each year €2000, so i was delighted thinking i was going to get €6000 back but checked with bank just now and got 1650. Is there something i have taken up wrong? im sure there is but could someone please explain?

    Really appreciate it


Comments

  • #2
    pigeonbutler
    Registered Users, Registered Users 2 Posts: 666 ✭✭✭pigeonbutler


    The relief is limited to 2,000 euro of rent, for which a credit is allowed at the standard rate of 20% i.e. maximum refund of tax is EUR 400 per year. It might be less in some years if you didn't have sufficient income to shelter.


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