Dáil Éireann Debate, Thursday - 5 October 2023
268. Deputy Robert Troy asked the Minister for Housing, Local Government and Heritage if he will outline any current assistance for a landlord who is renting a property but also has a mortgage on it and is now paying in excess of the rental amount due to increasing interest rates. [43290/23]
View answerThe Minister for Social Protection is responsible for various schemes to assist people with insufficient incomes to meet their needs and the Minister for Finance is responsible for taxation.
A landlord may be allowed to claim Mortgage Interest Relief against rental income from residential accommodation. The interest must be from a mortgage that is used to purchase, improve or repair a rental property, and a tenancy at the dwelling must be registered with the Residential Tenancies Board. With effect from 1 January 2019, mortgage interest on rental units is 100% deductible for income tax purposes.
