Almost Half Of Renters Eligible For Rent Relief Scheme Yet To Apply

Monday, 19 June 2023 09:38

By Caoimhe Harney

The scheme is due to continue until 2025

Almost half of people eligible for the Government's rent credit tax relief scheme have yet to apply for the help, nine months after the policy was first announced.

According to New figures obtained by RT, to date just 230,000 out of 400,000 eligible people have requested the support.

Under the rent credit tax relief scheme, a single person who is renting is eligible to receive €500 a year from Revenue, while a couple who are renting are eligible to receive €1,000.

In addition, parents or guardians of a student who are paying the accommodation costs of a student living away from home are also entitled to receive the financial support.

Requests can currently be made for 2022 and 2023, while the scheme is currently due to continue until 2025.

However, the relatively low uptake has led to concerns over its existing effectiveness, with critics pointing to the fact renters can only access the fund if their landlord is registered with the Residential Tenancies Board.

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