No applicants for Rent Credit Tax Relief Scheme; only 2.30 lakhs applied out of 4 lakhs
Dublin: The government’s Rent Credit Tax Relief Scheme, which was announced to provide relief to people living in rented accommodation, has been criticised for a lack of applicants. The requirement of RTB registration for landlords to receive financial assistance has also been criticised as driving tenants away from the scheme.
This is a bad situation for a scheme where a single person living in a rented house gets 500 euros and a family gets 1000 euros. In addition, this scheme provides financial assistance to parents for the living expenses of a student living away from home. The scheme will end by 2025.
Government figures show that half of the eligible people in the country have not applied for assistance. So far, only 2.30,000 of the 4,00,000 eligible people have applied for the scheme. Some critics have claimed that the scheme’s flaws are preventing applicants from applying. Tenants can only receive this assistance if their landlord is registered with the Residential Tenancy Board. They claim that this has affected the scheme.
There has also been criticism of the scheme’s low financial support, which only provides €9.60 per week. At the same time, the country’s house rents are extremely high. They also point out that the average Dublin house rent is €2,300, while the national average is €1,700.
According to a Finance Department spokesperson, Minister Michael McGrath has directed revenue officials to organise adequate publicity programmes emphasising the benefits of this scheme. The spokesman also stated that the terms and financial assistance limit of the rent credit tax relief scheme will be decided in the budget.
Further information about the Rent Credit Tax Relief Scheme is available on the Revenue Department’s website, the spokesperson said.
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