Understanding Taxable Rental Income in 2025
When declaring rental income to Revenue, it’s not just the monthly rent you need to consider. A variety of payments can be treated as rental income — and understanding these can help you stay compliant and avoid penalties.
Examples of Taxable Rental Income:
- Rent from letting a house, flat, apartment
- Payments for advertising signs placed on your property
- Payments for mobile phone masts or telecoms infrastructure
- Payments for fishing, shooting, or right-of-way access
- Insurance policy payouts for non-payment of rent
- Rental income from property located outside Ireland
How Rental Income Is Taxed:
- Start with Gross Rental Income
- Deduct allowable expenses (repairs, insurance, interest, letting fees)
- Subtract capital allowances forward (if applicable)
- Subtract current year capital allowances
- Subtract prior year rental losses (if carried forward)
- Result: Taxable Rental Income
Stay on Top of Your Obligations: Failing to declare the correct amount or deduct disallowed expenses can trigger audits or penalties.
FastTax.ie helps landlords calculate and file rental income correctly, every time. Check out our free rental income calculator for an estimate.
