Written answers
Thursday, 5 October 2023
Department of Housing, Planning, and Local Government
Rental Sector
Robert Troy (Longford-Westmeath, Fianna Fail)
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268. To ask the Minister for Housing, Planning, and Local Government if he will outline any current assistance for a landlord who is renting a property but also has a mortgage on it and is now paying in excess of the rental amount due to increasing interest rates. [43290/23]
Darragh O'Brien (Dublin Fingal, Fianna Fail)
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The Minister for Social Protection is responsible for various schemes to assist people with insufficient incomes to meet their needs and the Minister for Finance is responsible for taxation.
A landlord may be allowed to claim Mortgage Interest Relief against rental income from residential accommodation. The interest must be from a mortgage that is used to purchase, improve or repair a rental property, and a tenancy at the dwelling must be registered with the Residential Tenancies Board. With effect from 1 January 2019, mortgage interest on rental units is 100% deductible for income tax purposes.
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