Tax Data

Dáil Éireann Debate, Thursday - 23 November 2023

Thursday, 23 November 2023

Questions (102, 105, 133, 134, 137, 139, 147)

Jennifer Murnane O'Connor

Question:

102. Deputy Jennifer Murnane O'Connor asked the Minister for Finance the number of persons in County Carlow claiming the rent tax credit; and if he will make a statement on the matter. [51207/23]

John McGuinness

Question:

105. Deputy John McGuinness asked the Minister for Finance how many taxpayers in counties Kilkenny and Wexford, respectively, are claiming the rent tax credit; and if he will make a statement on the matter. [51538/23]

Jim O'Callaghan

Question:

133. Deputy Jim O'Callaghan asked the Minister for Finance how many taxpayers in Dublin are clariming the ent tax credit; and if he will make a statement on the matter. [51219/23]

Niamh Smyth

Question:

134. Deputy Niamh Smyth asked the Minister for Finance the number of taxpayers in counties Cavan, Monaghan, Donegal, Sligo and Leitrim, respectively claiming the rent tax credit; and if he will make a statement on the matter. [51229/23]

Willie O'Dea

Question:

137. Deputy Willie O'Dea asked the Minister for Finance the number of taxpayers in counties Limerick, Clare, Cork, Kerry, Tipperary and Waterford claiming the rent tax credit; and if he will make a statement on the matter. [51217/23]

Barry Cowen

Question:

139. Deputy Barry Cowen asked the Minister for Finance the number of taxpayers in Offaly, Laois, Longford and Westmeath claiming the rent tax credit; and if he will make a statement on the matter. [51301/23]

James Lawless

Question:

147. Deputy James Lawless asked the Minister for Finance the number of taxpayers in counties Kildare, Wicklow, Meath and Louth claiming the rent tax credit; and if he will make a statement on the matter. [51211/23]

Written answers

Minister for Finance

I propose to take Questions Nos. 102, 105, 133, 134, 137, 139 and 147 together.

The Rent Tax Credit, as provided for in section 473B of the Taxes Consolidation Act 1997, was introduced by Finance Act 2022 and may be claimed in respect of qualifying rent paid in 2022 and subsequent years to end-2025.

For the tax years 2022 and 2023, the maximum value of the credit is €1,000 per year in the case of a jointly assessed couple, and €500 in all other cases. I have brought forward a measure in this year’s Finance Bill that will further increase the value of this credit. Thus, following enactment of the Bill, the value of the credit for the 2024 and 2025 tax years will increase to a maximum of €1,500 for a jointly assessed couple and €750 in all other cases.

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 15 November 2023, over 311,910 Rent Tax Credit claims have been made by 268,306 taxpayer units consisting of:

203,405 taxpayer units that made claims for 2022 only,

43,604 taxpayer units that made claims for both 2022 and 2023,

21,297 taxpayer units that made claims for 2023 only.

As of the 15th of November 2023, data by county on the number of taxpayer units that made Rent Tax Credit claims for the years 2022 and 2023 are as follows.

Carlow, 2,228 taxpayer units made claims for 2022 and 588 taxpayer units made claims for 2023.

Cavan, 2,027 and 560.

Clare, 3,076 and 904.

Cork, 28,054 and 7,137.

Donegal, 3,105 and 947.

Dublin, 116,687 and 29,146.

Galway, 17,727 and 4,625.

Kerry, 3,714 and 1,015.

Kildare, 8,729 and 2,443.

Kilkenny, 2,593 and 760.

Laois, 1,904 and 580.

Leitrim, 807 and 222.

Limerick, 12,131 and 2,972.

Longford, 1,433 and 362.

Louth, 3,304 and 994.

Mayo, 3,537 and 1,041.

Meath, 4,544 and 1,386.

Monaghan, 1,681 and 469.

Offaly, 2,008 and 556.

Roscommon, 1,583 and 462.

Sligo, 2,900 and 784.

Tipperary, 4,241 and 1,165.

Waterford, 4,730 and 1,355.

Westmeath, 3,595 and 1,084.

Wexford, 3,846 and 1,065.

Wicklow, 2,973 and 900.Information is not yet available in relation to 3,852 taxpayer units that made claims for 2022 and 1,379 taxpayer units that made claims for 2023.