How much tax do you pay on rental income?

Tax on rental income in Ireland depends on your total income:

• Income Tax:
  • 20% on income within the standard rate band (e.g. €44,000 for a single person).
  • 40% on income above the band.
• Deductions: Allowable expenses such as mortgage interest, repairs, and property management fees can reduce your taxable rental income.
• Tax Credits: Personal and employee tax credits can further reduce your tax liability.
• USC & PRSI: In addition to income tax, rental income is subject to USC (0.5% to 8%) and PRSI (typically 4%).