Pearse Doherty
Ceist:296. Deputy Pearse Doherty asked the Minister for Finance the total cost allocation for the rent tax credit in 2025 and 2026; and if he will make a statement on the matter. [31760/25]
Amharc ar fhreagraThursday, 12 June 2025
Ceisteanna (296)
Freagraí scríofa
Tax policy measure costings at the time of their introduction are set out in the Tax Policy Changes booklet published as part of the Budget Day documentation.
The rent tax credit was originally introduced in Budget 2023. The estimated cost was set out in the Tax Policy Changes booklet, available at:
www.gov.ie/en/publication/ccc22-budget-2023-taxation-measures/
The measure was amended in Budget 2024. The estimated cost of the amendment is likewise available at:
www.gov.ie/en/publication/de3d4-budget-2024-taxation-measures/
The measure was further amended in Budget 2025, with the additional cost set out at:
www.gov.ie/en/publication/7b27b-budget-2025-taxation-measures/
The cost of the rent tax credit as amended is reflected in the fiscal projections for 2025 as published in the Annual Progress Report. The sum of the above costings is c. €350 million.
On a no policy change basis, the rent tax credit is assumed to expire at end-2025. Accordingly, there is no cost reflected in the projections for 2026. If the measure were to be extended beyond its current end-date, estimates would be subject to revision based on the latest available data.