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]
Amharc ar fhreagraThe 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.
