Jim O'Callaghan (Dublin Bay South, Fianna Fail)
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121. To ask the Minister for Finance the estimated cost of extending the residential premises rental income relief to 2030. [40262/24]

Jack Chambers (Dublin West, Fianna Fail)
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The Residential Premises Rental Income Relief (RPRIR) provides relief, at the standard rate, on a portion of a landlord’s residential rental income. The relief is €3,000 in the tax year 2024, €4,000 in the tax year 2025 and €5,000 in the tax years 2026 and 2027, which is equivalent to a tax credit of up to €600, €800 and €1,000 respectively.

At the time of its introduction, the estimated cost of the RPRIR for 2025 was €111 million, for 2026 it was €143 million and for 2027 it was €160 million. On that basis, the estimated cost of extending the relief to 2030, at the €1,000 rate, is €160 million for each additional year, 2028 to 2030.

Further information on RPRIR is available at the following link:

www.revenue.ie/en/personal-tax-credits-reliefs-and-exemptions/land-and-property/rprir/index.aspx.