citizensinformation.ie: Tax relief at the standard rate of 20% on private rented accommodation is available whether your landlord lives in Ireland or abroad. In 2008 the tax relief on rent is as follows (also applies in 2009): Age Single Tax Allowance Married/Widowed Tax Allowance Aged under 55 years (max. relief) €2,000 €4,000 Aged over 55 years (max. relief) €4,000 €8,000 To calculate what this is worth to you each year after tax, you multiply the tax allowance amounts above by 20%. So, for those aged: Under 55: the maximum amount a single person under 55 can get is €400 (€2,000 x 20%) for rent paid in 2009. The maximum amount a married couple or widowed person can get is €800 (€4000 x 20%) for rent paid in 2009. Over 55: the maximum amount a single person over 55 can get is €800 (€4,000 x 20%) for rent paid in 2009. The maximum amount a married couple or widowed person can get is €1,600 (€8,000 x 20%) for rent paid in 2009. http://www.citizensinformation.ie/categories/housing/renting-a-home/ta x_relief_for_tenants
So the avg person can save €400 per year in tax and family on avg can save maximum €800 per year - considering rent for an avg per MONTH is in excess of €600 and family is nearer to €1,000 per month. And 2/3 of the total allowance goes to IE Citizens its grand - to change this allowance for Irish perons only does not save this economy anything near what could be saved by axing 17,000 civil service jobs and actually getting the civil service to perform proper value for money.
The rent relief exists for any person paying income tax in Ireland - so to get rent relief, you must be paying Income in Ireland - so overall we are taking in 1/3 more income tax from foreigners and they are getting €800max off tax in rent while still paying €thousands more to the Dept of Finance - so overall Ireland is winning - stop scaremongering tactics.
To make this clear - to get rent relief in Ireland - you must pay income tax in Ireland. As Income tax will always exceed the reliefs - the more people paying income tax in Ireland the better - so they get a small relief in Rent - Ireland still comes out better for it :)
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