Tax relief on rent paid

fairycakes

Hi there

Csn anyone tell me how much tax relief would i get from paying rent privately since 2010? I know they scrapped it in 2017 would i get back pay from 2010 to 2017? Any help welcome I'm clueless thanks a mill!

dudara

I think you can claim back to 2014, as long as you were renting on 7 December 2010. More details here on Revenue website

https://www.revenue.ie/en/personal-tax-credits-reliefs-and-exemptions/land-and-property/rent-credit/index.aspx

Dial Hard

Thought it was scrapped in 2010, no?

The Diddakoi

fairycakes wrote: »

Hi there

Csn anyone tell me how much tax relief would i get from paying rent privately since 2010? I know they scrapped it in 2017 would i get back pay from 2010 to 2017? Any help welcome I'm clueless thanks a mill!

You can claim it back for 2015 to 2017. Can’t go back any further under 4 year rule.

Dial Hard

The Diddakoi wrote: »

You can claim it back for 2015 to 2017. Can’t go back any further under 4 year rule.

Ah. It was this line that threw me:

"You could only claim a tax credit if you are renting on 7 December 2010."

Poor_old_gill

Hi folks,

With regard to making a claim on this- I was renting in Dec 2010 and would look to make a claim for that rent from 15-17 but they are at different addresses. Is it possible to do this? The from only has space for one address

allthedoyles

Poor_old_gill wrote: »

Hi folks,

With regard to making a claim on this- I was renting in Dec 2010 and would look to make a claim for that rent from 15-17 but they are at different addresses. Is it possible to do this? The from only has space for one address

You can . The amount you can claim in 2016 is €80 and in 2017 it was reduced to €40. Not sure what it was in 2016 .


But remember :

You must provide receipts for rent you have paid if the Revenue Commissioners request them. This rule applies regardless of whether you pay your rent directly to the landlord or to an agent on behalf of the landlord. Each receipt must show the following:

• Landlord's name, PPS Number and address
• Amount of rent that you have paid
• Period of time covered by the receipt.

You should keep your receipts for at least 6 years in case the Revenue Commissioners ask to see them.

Franz Von Peppercorn II

Receipts? Do they know how direct debit works?

dennyk

Franz Von Peppercorn II wrote: »

Receipts? Do they know how direct debit works?

Technically a landlord is required to provide a written receipt of each rent payment within three months or sign for receipt of said payment in your rent book (which they are also required to provide) even if you're paying by direct debit. I'd venture a guess that few landlords are providing either receipts or rent books these days, though, especially to tenants paying by direct debit, standing order, or other bank transfer methods.

Franz Von Peppercorn II

dennyk wrote: »

Technically a landlord is required to provide a written receipt of each rent payment within three months or sign for receipt of said payment in your rent book (which they are also required to provide) even if you're paying by direct debit. I'd venture a guess that few landlords are providing either receipts or rent books these days, though, especially to tenants paying by direct debit, standing order, or other bank transfer methods.

And bank accounts won’t work for the audit?

Seems that this isn’t going to work for most renters. If you are worried about an audit that is.