Rent-a-Room Scheme

Where a room in a persons’ principle private residence is let as residential accommodation and the gross annual rental income is less than €10,000 per annum this rental income is exempt from tax. Where it exceeds €10,000 the rent is taxable in full.

Qualifying room rentals will not affect entitlements to claim mortgage interest relief. It will also not effect CGT relief on Principle Private Residence on the disposal of the dwelling, and will not lead to a stamp duty claw-back. The relief will not apply where the letting is between connected parties and rent relief is being claimed.

Home Carer’s Credit

A Hone Carer's tax credit of €990 is available for married couples jointly assessed, where only one spouse is working and the other cares for children, individuals over the age of 65, or incapacitated individuals in their home. No credit is available where the income of the carer exceeds €6,620. A reduced credit applies if the carer’s income is between €5,080 and €6,620 for the tax year.

Childminding Relief

Childminding relief is, available where an individual minds up to three children (excluding their own children) in their own home. No tax will be payable on the childminding earnings received, provided the amount is not more than €15,000 per annum. If the childminding income exceeds this, the total amount will be taxable as normal under self-assessment.

Tax Exemptions & Reliefs

Relief for the Long Term Unemployed

Tax incentives were introduced to benefit employees and employers. The employee is entitled to two separate allowances, as follows:

Personal Tax
Allowance           Child Tax Allowance
€                         €
Year 1 3,810        1,270 for each qualifying child
Year 2 2,540        850 for each qualifying child
Year 3 1,270        425 for each qualifying child

The definition of a qualifying individual is an individual who have been continuously unemployed for a minimum period of twelve months. The employer is entitled to a double deduction for qualifying employees in respect of:

Emoluments paid to those employees in the first 36 months of employment and
PRSI contributions on those emoluments

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Property Taxes

If you own a second property specifically for the rental market, there are many deductions you are allowed which can help reduce the tax you pay. They include:
-Rates
-Maintenance
-General expenses (excluding capital items)
-Insurance
-Advertising for Tenants
-Collection expenses
-Accountants fees
-Interest paid on loans to purchase, improve, or repair a residential premises
-Cost of any service or goods provided by the landlord, for which they do not receive a separate payment
-Legal expenses in drawing up leases
-Registration with Private Residential Tenancies Board.
-Wear & Tear allowances on capital items.

Tax Forms

The Irish Revenue's most common PAYE Tax Forms and information leaflets can be printed or ordered by clicking the link below. Revenue will accept these printed tax forms for processing. Alternatively, to order, select the forms or leaflets that you require and they will be posted within five working days.

Click the link below for a full list of Tax Forms.
http://www.revenue.ie/fnl/ShowOrderEntry.do

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Older people's tax credits and reliefs

If you are aged 65 or over and live in Ireland, you are liable to pay income tax in the normal way. However, the tax exemption limits are much higher for people aged 65 or over and there are some extra tax credits. It is possible to get tax relief for covenants to people aged 65 and over.

In certain circumstances, you may be able to reclaim any Deposit Interest Retention Tax paid. Annual exemption limits for 2009 and 2010

Status Aged 65 and over
- Single/Widowed person €20,000
- Married Couple €40,000

What are my entitlements under the Maternity Protection Act?

The Maternity Protection Acts 1994 and 2004 entitle a pregnant employee to 26 consecutive weeks maternity leave. If a woman takes maternity leave, she must take a minimum of 2 weeks leave before the last day of her expected week of confinement. She must also take a minimum of four weeks leave after the last day of her expected week of confinement. In addition to maternity leave and additional maternity leave, the Acts also cover a range of issues including: time off for ante-natal and postnatal medical visits; the right to return to work All employees who have taken maternity leave are entitled to take an additional 16 weeks of unpaid maternity leave. This is also known as 'unpaid leave'. This leave must commence immediately after maternity leave has ended. In order to avail of additional maternity leave, a woman must notify her employer in writing a minimum of four weeks before the additional maternity leave is due to commence. Available from the Equality Authority is a brochure outlining entitlements under the Acts - About the Maternity Protection Acts, 1994 and 2004. The full text of this brochure can be downloaded from the Equality Authority's website : click here. Alternatively you can contact the Equality Authority or email info@equality.ie, write to the Equality Authority, Clonmel Street, Dublin 2 or by telephone on 01- 417 3333

When do I apply for a Tax refund?

Generally you should wait a minimum of 4 weeks from the date you became unemployed before you apply for a tax refund.

If however you are in receipt of any taxable sources of income (which would include taxable income from the Department of Social and Family Affairs) you should wait a minimum of 8 weeks, as, any tax credit will be utilised in part or in full against the other income.

If emergency tax was deducted by your former employer, you may apply immediately for a refund on becoming unemployed.

Are all employees entitled to paid leave on public holidays?

Most employees are entitled to paid leave on public holidays - one exception to this is part-time employees who have not worked for their employer at least 40 hours in total in the 5 weeks before the public holiday.

Find out more about public holidays and employment rights, including what happens if you are on sick leave during a public holiday and what happens if a public holiday falls on a weekend. Click Here for more details.