Pádraic McCormack (Galway West, Fine Gael)
Link to this: Individually | In context

Question 498: To ask the Minister for Finance the proposals he has to introduce measures to increase the tax relief on rented housing beyond the current maximum of €330. [1592/07]

Brian Cowen (Laois-Offaly, Fianna Fail)
Link to this: Individually | In context

The position is that I announced in Budget 2007 that the maximum level of rent paid for private rented accommodation on which tax relief can be claimed, at the standard rate of tax, is being increased for those aged under 55 years of age, from €1,650 to €1,800 per annum for a single person and from €3,300 to €3,600 per annum for widowed and married persons. This equates to a tax credit of €360 per annum for single persons and €720 for widowed and married persons. For those aged 55 years and over, the maximum level of rent paid on which tax relief can be claimed is being increased from €3,300 to €3,600 per annum for a single person and from €6,600 to €7,200 per annum for widowed and married persons. This equates to a tax credit of €720 per annum for a single person and €1,440 per annum for widowed and married persons.