Budget 2027 announcements. Implementation dates vary. · By K Imports
Budget 2027: Rent Tax Credit increases
The announced €1,150 individual and €2,300 jointly assessed Rent Tax Credit caps for 2027 and 2028.
Sources checked .
What was announced
- New limits
- The individual cap increases by €150 from €1,000 to €1,150. For jointly assessed couples it increases by €300 from €2,000 to €2,300.
- Tax credit, not rent payment
- A cap is the maximum Income Tax credit, not a guaranteed payment to every tenant. Qualifying rent, tenancy conditions and available Income Tax liability determine the claim.
Practical next steps
- Keep rent payment records and the details required for the Revenue claim.
- Check the qualifying tenancy and assessment conditions before using the maximum.
- Use the cap for the correct year; do not replace a 2026 claim with the announced 2027 limit.
Examples
- Cap change
- An individual who can use the full credit has up to €150 more relief under the announced limit. A person who cannot use the full credit does not automatically receive that increase.