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.