Ms Clare Costello:

I thank the Deputy for the question. I do not have the examples in front of me but if I am gauging what she is suggesting correctly, after the taxpayer’s expenses and other deductions, the landlord is left with a tax liability of €375. In that instance, the way the tax credit will work is it will reduce her tax liability to zero. She will not have any refund but the €375 will be offset by the €600 tax credit that will be available to taxpayers in those situations in 2024.