Revenue eBrief No. 225/24
22 August 2024
Residential Premises Rental Income Relief
Tax and Duty Manual Part 15-03-04 is a new manual concerning Residential Premises Rental Income Relief (RPRIR). This was introduced in Finance (No. 2) Act 2023 and is contained in section 480C Taxes Consolidation Act 1997 (TCA). The relief applies to rental income in the tax years 2024-2027 inclusive.
- Paragraph 1 of the manual outlines who can claim the relief.
- Paragraph 2 outlines how much relief can be claimed.
- Paragraph 3 outlines how joint ownership is addressed.
- Paragraph 4 outlines how the relief may be clawed back in certain circumstances.