Pearse Doherty
Question:67. Deputy Pearse Doherty asked the Minister for Finance the estimated cost of the landlord tax relief for 2025, 2026 and 2027; and if he will make a statement on the matter. [40544/24]
View answerWednesday, 9 October 2024
Questions (67)
Written answers
The Residential Premises Rental Income Relief (RPRIR) provides relief, at the standard rate, on a portion of a landlord’s residential rental income. The relief is €3,000 in the tax year 2024, €4,000 in the tax year 2025 and €5,000 in the tax years 2026 and 2027, which is equivalent to a tax credit of up to €600, €800 and €1,000 respectively.
At the time of its introduction, the estimated cost of the RPRIR for 2025 was €111 million, for 2026 it was €143 million, and for 2027 it was €160 million.
Further information on RPRIR is available at the following link: www.revenue.ie/en/personal-tax-credits-reliefs-and-exemptions/land-and-property/rprir/index.aspx.