TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Rent-a-Room Relief (Section 12), Home Renovation Incentive (Section 7) and Living City Initiative (Section 14)

Section 216A TCA 1997 provides a tax exemption for income received from the letting of a room or rooms in a person’s principal private residence. The maximum income qualifying for this exemption increases from €12,000 to €14,000 for 2017 and subsequent years.

The Home Renovation Incentive as per section 477B TCA 1997 is extended for two more years up to the end of 2018.

A number of amendments to the Living City Initiative were also set out in the Bill designed to encourage the uptake of the relief by owner-occupiers and landlords for regeneration work on qualifying property in Dublin, Cork, Limerick, Waterford and Galway.