Renters in Ireland are set to receive a new tax credit worth €500 per year, following yesterday's €11bn Budget 2023 announcement.
It will apply to taxpayers who are paying rent on their “principal private residence” - it will not be available to those who receive other State housing supports such as the Housing Assistance Payment.
The €500 per year relief will come into effect for the years 2023 up to 2025, but Finance Minister Paschal Donohoe said it will be backdated so that it will apply in respect of rent paid in 2022.
