Residential Premises Rental Income Relief (RPRIR) 2024 - 2027

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Meath Lady

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The Residential Premises Relief for landlords introduced in 2024 and to last until 2027 indicates that Relief will be clawed back if Premises is not kept on the rental scenario until 2027.

I am currently in the process of selling one of my rented properties in order to move from a big landlord to a small one and also due to the severity of the rules etc.

This property has been vacant since January 2026 but I have other property rented throughout this period.

Currently prepping paperwork for accountant and am wondering will I be expected to pay back the last 3 years credits or can they be offset against remaining rental properties.

Those who have partially left the market in the past 2 years how did you fare out
 
Meath Lady said:
Currently prepping paperwork for accountant and am wondering will I be expected to pay back the last 3 years credits or can they be offset against remaining rental properties.
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Not an expert, but my experience is that only one credit is given to each landlord (per year), and you don't get one credit per property (per year). So I would suspect that as long as you have at least one property rented during the tax years in question, you should be good.
 
The relief was worth €600 in 2024, €800 in 2025 and €1,000 in each of 2026 and 2027 — a deduction of €3,000/€4,000/€5,000 given at the standard rate only. Per landlord, not per property, so the same €600 whether you have one unit or fifty. Against that, the conditions: every rental property you own registered with the RTB, tax clearance, LPT up to date, no relief in a loss year because there's nothing to deduct from, and a four-year lock-in with full clawback if you sell or the premises stops qualifying.

So a landlord who wanted to keep the option of selling was rationally advised not to claim it at all. A relief that most of its target group is better off ignoring is a relief in name only. It exists so a Minister could say landlords got something in Budget 2024. As JamieB said: buttons.

Revenue's manual is (Part 15-03-04). The credit is per landlord but the clawback attaches to the premises: if a qualifying premises is disposed of, or ceases to be a qualifying premises, within four years of the first claim, the relief withdrawn — and I don't read the section as saving you because you still own another. Your property has also been vacant and not marketed since January, which is a separate cessation point before the sale. The likely position is that the relief claimed for 2024 and 2025 gets claimed back from you a deemed charge in the year of cessation. If your accountant reads it differently, I'd be very interested to see the reasoning.



Revenue's manual is (Part 15-03-04)



4 When will a clawback of the relief occur?
Section 480C(4) TCA provides that RPRIR will be clawed back where, within four
years of the first year in which relief was claimed, the landlord ceases to be a
landlord of any of the qualifying premises rented during the first year in which relief
was claimed. This may include where a landlord disposes of any of their qualifying
premises or otherwise removes any of these properties from the rental market.
 
I queried this in 2025 via my enquiries.

The exact response I received in writing is as follows …

‘As long as you are a Landlord to at least one property and meet the criteria, then clawback will not occur.
As long as you continue to be a Landlord, even if its only for your one qualifying premises’

Hopefully this is the correct advice for all of us who have since sold a property.

But worst case scenario we will need to pay back the 2 years (2024 and 2025) already claimed.
 
Thanks Stormy for the very comprehensive reply. This is what I was afraid off unfortunately

Thanks Millie.
Hopefully this will be the approach taken although my accountant may not agree.
I think it's only reasonable to adapt this approach when I have other rented properties and will have until 2027.

It remains to be seen what happens so.

Kind regards
 
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