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LAST UPDATE | 27 Sep 2022
RENTERS WILL BE able to apply for a new tax credit worth €500 per year.
The measure was announced today as part of Budget 2023.
The credit will be available to renters on their principal private residence. As many as 400,000 people are expected to be able to claim the tax credit.
Minister for Finance Paschal Donohoe said the measures is aimed at anyone who “do not get any other housing supports”.
It will apply for 2023 and subsequent years up to 2025, but can also be claimed in respect of 2022.
Details of how to claim the credit have yet to be announced, but it is expected to be claimed on an individual basis (except for married couples and civil partners) and the landlord must be registered with the Residential Tenancies Board (RTB).
A previous tax credit for renters was phased out by 2018.
In a statement, housing charity Threshold said the new credit would provide some level of relief, it is “simply not enough”.
Threshold’s policy officer Ann-Marie O’Reilly said she was ‘deeply disheartened’ by the measures announced today:
“As this tax credit will not apply to households already availing of housing supports, an increase in the HAP basic rates is not only needed but must be kept under yearly review to ensure a proportion of rental properties are available for those reliant on HAP.
“For too long tenants have been struggling to keep up with extortionate rental prices, particularly with added pressures in recent months from rising inflation and the cost-of-living. Tenants across Ireland deserve supports that are substantial and meaningful, but this year’s Budget has failed to deliver adequate measures.”
The credit was also criticised by Sinn Féin’s Pearse Doherty, who said that the credit “is less than the rent increases that they’ve seen every year, to be pocketed by their landlords, because you have refused to ban further rent increases”.
Labour housing spokesperson Rebecca Moynihan said the credit “will be quickly gobbled up by rent increases for most”, calling for a rent freeze and eviction ban.
Focus Ireland highlighted that credit will specifically exclude low-waged workers on the Housing Assistance Payment.
Landlords
The Irish Property Owners’ Association (IPOA) said Budget 2023 did little to address ‘serious issues’ facing landlords and prompting more to leave the market, highlighting how larger investment funds are able to benefit from tax breaks.
“The State needs to put in place conditions to encourage investment, to retain existing accommodation and treat investors in the rental market in an equal fair manner, taxing letting property as a business,” IPOA Chairman, Stephen Faughnan said.
As part of this Budget, the pre-letting expenses regime for landlords was doubled, meaning as much as €10,000 can be claimed back in tax relief. The amount of time the property must be unoccupied in order to be eligible for this was halved to six months.
More details to follow…
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Does The Journal struggle to come up with polls sometimes?
@easilyfrustrateddad: that’ll be the next poll
@easilyfrustrateddad: they can always fall back on the ‘do you think there will be an election’ or ‘should the clocks bo back/forward’ polls.
@easilyfrustrateddad: how about…..do you support the idea that all involved in the government and management of the public health service not be permitted to hold private health insurance…. yes or no.
@Fergus Quinlan: Wow you dragged that one in kicking and screaming.
Definitely find it harder to work!
Drink plenty of water. It’ll hydrate you and bring your core temperature down so easier to sleep
@Paul: Yea and then need to p*iss one hour later!
@Longlin: And an hour after that.
Do bear’s **** in the woods
Put snoring pooches into the answer and it’s harder still lol.
@Ian O’Donovan: don’t sleep cuddling your dog!
@Sean: he’s on the floor on a cool mat but jeepers for a cavalier he’s some snorer ‘_’
@Ian O’Donovan: jeepers, really.
Put fans in the bedroom, the noise is constant so your brain will cancel it out. I remember one particular night in Dun Laoghaire, as a teenager, the heat was so bad I couldn’t sleep. It must have been about 22°, so the brother and I walked the dog. I’ve since slept through 34° nights, albeit badly. It’s a question of being used to high temperatures and also perspective. When Ireland is announcing a heatwave after 7 days of 25° highs during the day, I have to smile because being used to living in South East France, we are lucky if the night time temperature is that low during the summer.
@David Stapleton: Think you might have sun stroke there !
@Ken Bramley: Come and see for yourself. I recommend this Sunday, the temperature is forecast to be 39°…
@David Stapleton: found it very difficult in France at night during previous heatwave 3 weeks ago. Now I’m home, I find warm Irish nights aren’t nearly as bad.
@David Stapleton: so true. If your not used to it that’s a high temp. I’m used to warm weather in Sydney but a few years back there was the euro heatwave. I was standing in Madrid square at 11pm and it was 39oc. Shocking.
Still went out on an air bnb tour. Note to self. Every street and sq in Madrid looks the same, gps dosent work, there are no taxi, don’t stay out drinking till 4am :-)
@Steven Powell: I remember it well, between 3 and 5 in the morning the temperature went down to a cool 27°/28° and started rising even before the sun was up. My brothers were over in Late October, and after living in 44° to 46° it was a relatively mild 35°, mild for us, not so much for the brothers. Everything is relative.
Ceiling fan is your only man!
Fill a hot water bottle with cold water. Best thing to beat the heat. Can even keep the covers on…. Thank me later.
The next poll should be: “Do you think people who answer online polls are intellectually-impoverished”?
Yes funny that. I also find it hard to sleep if someone is snoring next to my head or if I had a redbull before hitting the hay. This could be a good follow up poll
Politicians in their big mansions have no problems sleeping with the AC on…
@James Lough: Yes. I’m sure Mary Lou had aircon on her First Class flight
@lelookcoco: oh yeah, you wouldn’t like to see a communist getting hot and bothered.
@lelookcoco: As did Eamon Ryan and Catherine Noone I’d guess.
@Billy McNamara: Sorry,Catherine Martin I ment to say.
@Billy McNamara: Eamonn Ryan & Catherine Martin flew business class and were on government business. Mary Lou is first class nobody.
Feel dehydrated at night? Try sleeping on a waterbed.
Yes.
Sydney Australia. :-)
Btw. It’s winter here I hope it’s 26 when I get back to Eire next week.
Bloody hell…this the best you can come up with…
a good pair of shoes and a good mattress if your not in one your in the other http://www.mattressmonkey.ie
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