Rent Relief

movingtotheuk

How does it work generally speaking?

Paying 525 in private accomdation. Only earning 480 on average a week.

Will i be taxed less? Do i get it back through my wages is it or what??

Balagan

Yes, you will be taxed less.

They are phasing it out now (gradually - 2017 will be the last year) and to avail of it you have to have been already renting at 7 December 2010.

Details here http://www.citizensinformation.ie/en/housing/renting_a_home/tax_relief_for_tenants.html

mp22

Moved from state benefits.

movingtotheuk

Balagan wrote: »

Yes, you will be taxed less.

They are phasing it out now (gradually - 2017 will be the last year) and to avail of it you have to have been already renting at 7 December 2010.

Details here http://www.citizensinformation.ie/en/housing/renting_a_home/tax_relief_for_tenants.html

I only started renting last summer - therefore i am ineligible yeah?

Jasus thats bit harsh - when the bloody hell did this happen???!!

srsly78

There was a cap of 400 quid on it anyway.

For people still getting it that has been reduced even more as of 2012.

"Under 55: the maximum amount that a single person under 55 can get is €240 (€1,200 x 20%) for rent paid in 2012"

gerrybbadd

movingtotheuk wrote: »

I only started renting last summer - therefore i am ineligible yeah?

Jasus thats bit harsh - when the bloody hell did this happen???!!

Seems so. It was announced in Budget 2010.

eimear10

im only renting since July 2011 , does that mean im entitled to nothing ?

srsly78

citizens information website wrote:

If you live in private rented accommodation in Ireland and pay income tax, you may be eligible for tax relief on part of your rent. Relief is also allowable on rent paid for premises outside the State. The relief is being phased out and 2017 will be its last year.

You are only able to claim this relief if you were already renting at 7 December 2010. If you were not renting on that date and you subsequently entered into a rental agreement, you will not be able to claim tax relief on your rent. However, if you were renting at 7 December 2010 you will continue to qualify for this relief even if you enter a new rental agreement after that date.

http://www.citizensinformation.ie/en/housing/renting_a_home/tax_relief_for_tenants.html

Tobyglen

Hi, just on this, I was renting whilst in College during this period, does this entitle me to claim rent relief? Working since December 2011

srsly78

Yes.

barneystinson

Tobyglen wrote: »

Hi, just on this, I was renting whilst in College during this period, does this entitle me to claim rent relief? Working since December 2011

srsly78 wrote: »

Yes.

Not yes, but it depends actually.

The property rented must be the persons PPR - if Tobyglen was a typical college student still living at home with parents at weekends and outside of the college term, their college accomodation wouldn't be their PPR.

And if they weren't paying the rent themselves, but their parents were, again I don't see how that could qualify.

srsly78

If he can show a receipt for money paid then that will be good enough. This would only be needed if audited.

barneystinson

srsly78 wrote: »

If he can show a receipt for money paid then that will be good enough. This would only be needed if audited.

So what you're saying is it's OK to claim a credit knowing you're not actually entitled to it, because you'd have to be audited for them to catch you out?

srsly78

Well if you are the one doing the auditing then nobody would get it apparently.

barneystinson

srsly78 wrote: »

Well if you are the one doing the auditing then nobody would get it apparently...

...Except people who satisfy the very few and very clear criteria!