Irish Rental Income Tax Calculator
How Rental Income Tax Is Calculated in Ireland
If you earn rental income in Ireland, it’s considered taxable income and must be declared on your Form 11. The basic calculation is simple: gross rental income minus allowable expenses equals net rental profit. It’s that net profit — not your total rent — that’s taxed. Once calculated, it’s subject to Income Tax, PRSI, and USC, just like other types of self-assessed income. Understanding how this works is key to staying compliant — and avoiding costly mistakes.
Please enter Gross Rent:
Expenses
Mortgage Interest:
Mortgage Interest Allowed (100% for 2024):
Repairs:
Insurance:
Management Charges:
Agent's Fees:
Other:
Total Expenses:
Rental Profit / Loss:
Wear and Tear:
Net Profit / Loss:
Assuming the 40% tax rate applies
Income Tax 40%:
PRSI 4%:
USC 8%:
Total 52%:
Irish Rental Income Tax Calculator
Our Rental Income Tax Calculator gives you a quick estimate of how much tax you might owe on your rental profits. You’ll need to enter key figures like annual rental income, deductible expenses, and mortgage interest. The tool then calculates your estimated net profit, along with a breakdown of Income Tax, PRSI, and USC. It’s a handy way to plan ahead — but remember, it’s a guide only and doesn’t replace expert tax advice or using a service like FastTax.ie.
What Rental Expenses Can Be Claimed?
As a landlord, you can deduct a range of allowable expenses from your rental income to reduce your tax bill. Common deductions include mortgage interest (fully deductible at 100%), repairs and maintenance, property insurance, letting agent fees, management charges, and wear and tear on furnishings. Just remember — expenses must be wholly and exclusively related to earning the rental income.
Understanding PRSI, USC & Income Tax for Landlords
Rental profits are taxed under the self-assessment system and can be subject to three types of tax:
All of these are calculated on your net rental profit (after expenses), and the total is paid through your Form 11 return. This makes it essential to track your income and deductions accurately throughout the year.
