If my rental profit is covered by losses from earlier years do I have to pay tax?You will not pay income tax but will have to pay the USC levy and PRSI.By Cathal Maxwell|2025-05-23T06:29:13+01:00May 23, 2025|Rental Income Tax Return FAQs|Share This Story, Choose Your Platform!FacebookXBlueskyRedditLinkedInWhatsAppTelegramTumblrPinterestXingEmail About the Author: Cathal Maxwell Cathal brings over 40 years of tax experience, advising individuals and businesses on Income Tax, Capital Taxes, Inheritance Tax, Stamp Duty, and VAT.