Ivana Bacik
Question:260. Deputy Ivana Bacik asked the Minister for Finance if he will report on the number of renters who have claimed the renter's credit to date; and if he will make a statement on the matter. [55325/23]
View answerTuesday, 12 December 2023
Questions (260)
Written answers
The Rent Tax Credit, as provided for in section 473B of the Taxes Consolidation Act 1997 (TCA 1997), was introduced by the Finance Act 2022 and may be claimed in respect of qualifying rent paid in 2022 and subsequent years to end-2025.
I am advised by Revenue that the Rent Tax Credit statistics currently available refer only to claims by PAYE taxpayers. Data on claims by self-assessed taxpayers is not yet available. Statistics covering all taxpayers will be available in Q2 2024.
Claims in respect of the 2022 year of assessment can be made by PAYE taxpayers by submitting an Income Tax return for that year. For claims relating to 2023, PAYE taxpayers have the option of claiming the rent tax credit due to them either as rent is incurred or at the end of the year through their Income Tax return.
Rent Tax Credit claims are made are on a ‘taxpayer unit’ basis. A taxpayer unit is either an individual with any personal status who is singly assessed or a couple in a marriage or civil partnership who have elected for joint assessment.
I am further advised that as of 6 December 2023, over 323,077 Rent Tax Credit claims have been made by 274,667 taxpayer units consisting of:
(i) 201,882 taxpayer units that made claims for 2022 only,
(ii) 48,410 taxpayer units that made claims for both 2022 and 2023,
(iii) 24,375 taxpayer units that made claims for 2023 only.