Questions on rent tax credits

Jimmy Bottlehead · 07-08-2010 3:17pm #1

Hey all.

Started working again there this month, after 18 months of being out of work. Anyways, I registered with the PAYE site, and seen i can claim tax back as I'm renting.

I registered for my present apartment (2009-present) as well as where I lived from 2007-2009. I did each as a seperate property, and each seen me entitled to €2000 back.

However, at the end it said that the maximum I'm entitled to back is €2000... I'm just wondering does this mean I can only claim €2000 back for the whole three years? Or is there any chance of claiming back the full €6000?

Any help would be terrific, and the money would be very very handy.

Thanks

snubbleste · 07-08-2010 3:31pm

Erm dunno where you're getting those figures from. Search www.revenue.ie
The max you can get back per year is €400

Jimmy Bottlehead · 07-08-2010 3:34pm

Sorry, it says 'Gross Relief due', is that different? I've barely a clue with the tax system to be honest :-/

*EDIT*

Just checked, I see what you mean, you're right! Would I be entitled to that €1200 (€400 x 3) back?

snubbleste · 07-08-2010 3:50pm

You are only entitled to it if you pay income tax in each year it is claimed. I'm no expert at it.

cee_jay · 08-08-2010 10:16am

Moving to taxation

Red Oak Tax Refunds: John · 09-08-2010 2:34pm

The €2,000 you are quoting is the maximum amount of rent on which you can claim relief. Then the relief is granted at 20% which gives you €400 - this is the maximum amount you can reclaim.

The Rent Tax Credit can only be refunded from tax paid in each year. But if you haven't worked for part of the last 3 years, you mightn't have a refund due as you may not have paid any tax.

Hope that helps!

Questions on rent tax credits

Comments