Advertisement
News

Concern raised over government's rent tax credit scheme

Jul 22, 2023 09:21 By News Northern Sound
Concern raised over government's rent tax credit scheme
Share this article

It's been reported that Revenue will carry out an information campaign.

Concern has been raised over the government's tax credit scheme for renters.

According to the Irish Examiner, only 10 per cent have claimed the credit so far this year.

Between January and July 9th, 40 thousand 631 accessed the 500 euro credit, introduced in the budget to ease financial pressure for renters.

Advertisement

It's estimated that at the moment in Ireland, there are 400 thousand people registered with the Residential Tenancies Board,

That means only 10 per cent availed of the government tax credit.

The Irish Examiner reports in response, Revenue will carry out an information campaign, to find out why there's been such a low take up.

Advertisement

Earlier this year, Taoiseach Leo Varadkar admitted there's anecdotal evidence to suggest some people are unable to avail of the rent credit, as they are renting from landlords not registered with the RTB.

Tags used in this article
Share this article
Advertisement
Advertisement

NorthernSound Newsletter

Sign up now to keep up to date with the latest news.

Processing your request...

You are subscribed now! please check your email to confirm your subscription.

Copyright © 2024 Northern Sound FM. Developed by Square1 and Powered by PublisherPlus