Ireland Tax Agency Issues Guidance on Rent Tax Credit for Tax Years 2022-25

The Irish Revenue Commissioners April 20 issued guidance on the rent tax credit for tax years 2022-2025. Topics covered include: 1) the maximum credit amounts of 1,000 euros (US$1,098) for jointly assessed married couples or civil partners, and 500 euros (US$549) in all other cases; 2) the qualifying conditions for taxpayers to claim the credit; 3) application of the credit to property used as a principal private residence, second home, or property used by a child of the taxpayer; 4) a partial refund for taxpayers whose tax credit amounts exceed their income tax liability; and 5) the procedure for claiming ...