Rental income tax calculator for Ireland

Rental profit is the rent you received minus allowable expenses, mortgage interest and wear and tear on furniture. Repairs, insurance, letting agent fees and the RTB fee count as expenses. Improvements do not.

The profit is added to your other income. You pay income tax at 20 % or 40 %, plus USC. If your rental and other unearned income reaches €5,000, PRSI applies to all of it.

Landlords of residential property can claim a relief worth 20 % of up to €4,000 of rental income in 2025 and €5,000 in 2026. That takes up to €800 or €1,000 off the bill.

If you rent your own home, you get the rent tax credit of up to €1,000, or €2,000 for a jointly assessed couple. It usually comes off the tax on your salary, so it only lowers the tax on the rent when your salary leaves part of it unused. Rental income means you must file a Form 11 or, for net rent under €5,000, declare it in myAccount.

• You are an Irish resident landlord with a PAYE salary, letting residential property registered with the RTB.
• Mortgage interest is fully deductible, which requires RTB registration. Wear and tear is 12.5 % a year of what you paid for furniture and fittings.
• The rental income relief needs the property to stay rented for 4 years. It is clawed back otherwise.
• A rental loss lowers this year’s rental tax to zero and is carried forward against future rent. It does not reduce tax on your salary.
• The rent tax credit for the home you rent yourself is counted against your salary first. It lowers the tax on the rent only when your salary leaves part of it unused.
• PRSI on rent uses the blended rate for employees (Class K). If you have no job, Class S may apply instead, with a minimum of €650 that is not included here.
• Local Property Tax and the reduced USC rates for medical card holders are not included.

Do I need to file a Form 11 for rental income?

If your rental and other non-PAYE income is over €5,000 a year, or your gross non-PAYE income is €30,000 or more, you must register for income tax and file a Form 11 by 31 October of the following year.

Can I deduct mortgage interest?

Yes, 100 % of the interest on a loan used to buy, improve or repair a residential rental property, if the tenancy is registered with the RTB. Capital repayments are not deductible.

What is the rental income relief?

It is a relief for landlords of residential property, worth up to €800 for 2025 and €1,000 for 2026 and 2027. You lose it if the property is taken off the rental market within 4 years.

Who can claim the rent tax credit?

Tenants who pay rent for their home, or for a child’s student accommodation. It is worth up to €1,000 per person, €2,000 for a jointly assessed couple, and runs until 2028.

• www.revenue.ie/en/personal-tax-credits-reliefs-and-exemptions/land-and-property/rprir/how-much-can-you-claim.aspx
• www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-15/15-03-04.pdf
• www.revenue.ie/en/personal-tax-credits-reliefs-and-exemptions/tax-relief-charts/index.aspx
• www.revenue.ie/en/jobs-and-pensions/usc/standard-rates-thresholds.aspx
• www.gov.ie/en/department-of-social-protection/publications/prsi-class-s-rates
• www.gov.ie/en/department-of-social-protection/publications/prsi-class-k-rates
• www.revenue.ie/en/property/rental-income/irish-rental-income/what-expenses-are-allowed.aspx
• www.revenue.ie/en/property/rental-income/irish-rental-income/how-do-you-declare-your-rental-income.aspx
• www.revenue.ie/en/personal-tax-credits-reliefs-and-exemptions/land-and-property/rent-credit/how-much-claim.aspx
• www.revenue.ie/en/jobs-and-pensions/usc/index.aspx