Tax on Your Rental Income
Total Tax on Rental Income
€3,160
Effective rate: 26.3% of rental profit
Income
Gross rental income€21,600
Deductions
Mortgage interest-€7,200
Insurance-€450
Repairs & maintenance-€1,200
Management fees-€0
Accountant-€400
Wear & tear-€500
Other costs-€240
Total deductions-€9,990
Taxable Amount
Net taxable rental profit€11,610
Tax Breakdown
Income tax (20% or 40%)€4,644
USC€929
PRSI (4.35%)€505
Less: Landlord relief (2026)-€1,000
Total tax payable€5,078
After-Tax Position
Rental income after tax€6,532
Per month€544
Landlord Relief: You qualify for the €1,000 Residential Premises Rental Income Relief for 2026 because you are RTB registered and filing on time. This is a tax credit, not a deduction — it directly reduces your tax bill.