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2026 Tax Year

Landlord Tax Calculator

Calculate your tax on rental income after all allowable deductions. Includes the €1,000 landlord relief for 2026.

Rental Income

Allowable Deductions

Your Tax Situation

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.

See your full property return including yield and cashflow

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Tax-deductible: BER assessment fees are deductible against rental income. Book at Homerating.ie (from €150 + VAT). Energy upgrades funded by SEAI grants increase property value and can justify higher rent.

How Rental Income Tax Works for Irish Landlords

Every euro of rental profit in Ireland is taxed at your marginal rate. For a higher-rate taxpayer, that means up to 40% income tax, plus USC (up to 8%) and PRSI (4%) — a combined marginal rate that can exceed 50%. The difference between what you collect in rent and what you actually keep depends entirely on how well you manage your deductions.

Allowable Deductions

Mortgage interest on a rental property is 100% deductible against rental income. Beyond that, you can deduct property insurance, letting agent fees, repair and maintenance costs (not improvements), accountancy fees, advertising for tenants, and Local Property Tax on the rental property. Wear and tear on furniture and appliances is claimed at 12.5% per year over 8 years. Every deduction you miss is money left on the table.

The Landlord Tax Credit

Since 2024, landlords who commit to keeping their property in the rental market can claim a tax credit of up to €1,000 per property against rental income. This credit has been extended and is worth checking your eligibility for each tax year. It directly reduces your tax bill — not your taxable income — so it's worth the full amount.

Pre-Letting Expenses

If you have a vacant property that hasn't been rented for at least 12 months, Section 97A lets you claim up to €10,000 in pre-letting expenses (repairs, insurance, advertising) to bring it back into the rental market. The property must then be rented for at least four years. This relief is specifically designed to encourage landlords to re-let vacant homes.

Filing Requirements

All rental income must be declared on a Form 11 self-assessment return by 31 October each year (mid-November if filing through ROS). You must register the tenancy with the RTB. A common mistake is treating capital improvements (a new kitchen, an extension) as revenue expenses — they're not deductible against rental income, though they reduce your CGT bill when you eventually sell.

Related tools: Rental Yield Calculator · Investment Analyser · Local Property Tax

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Landlord Tax Deductions Spreadsheet

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