Tax rebate on private residential leases

The Office of the CfR has announced that persons who derive income from a private residential lease which is registered with the Housing Authority as a long lease, are eligible for a tax rebate against the tax chargeable on such rental income.

The rebate is applicable on registered leases as from the basis year 2020 where the tax on such lease is being paid at the rate of 15%.
The amount of the rebate ranges from €200 to €500, depending on the duration of the lease and the number of bedrooms.
The tax rebate is to be claimed through the online filing of the TA24.