Rental Income Tax
Calculate tax on Irish rental income including allowable deductions, wear and tear, mortgage interest relief, USC, and PRSI.
Data verified · July 2026
Which costs can I deduct from my rental income?
Allowable expenses such as repairs, insurance and agent fees, 100% of your mortgage interest, and a wear-and-tear allowance of 12.5% per year over 8 years on the cost of furnishings and fittings. What remains is your net rental profit, which is what gets taxed.
Source: Taxes Consolidation Act 1997 s 97 ; Revenue IT70 (rental income guide). · updated 2026
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Everything about Rental Income Tax
📋Overview+
Calculates tax on Irish rental income: net rental profit after allowable expenses, 100% mortgage interest relief and wear-and-tear allowance (12.5%/year on furnishings), taxed at your marginal income tax rate, plus USC on the net profit and PRSI where your total non-PAYE income reaches €5,000.
💡 Best practices
- The marginal rate here is a flat 20%/40% choice, not a full banded computation against your total income for the year — use your actual marginal rate on your last euro of income for an accurate figure.
📖User guide+
How to use this calculator
- 1
Enter gross rent received.
- 2
Enter allowable expenses, mortgage interest and wear-and-tear allowance.
- 3
Select your marginal income tax rate.
- 4
Enter your total non-PAYE (unearned) income to check the PRSI threshold.
- 5
Read net rental profit, income tax, USC, PRSI and net income after tax.
📚Glossary+
- Wear and tear allowance
- 12.5% per year over 8 years on the cost of furnishings and fittings in a rented residential property.
ℹ️Sources & updates+
Last data update
July 14, 2026
Sources and references
Taxes Consolidation Act 1997 s 97 ; Revenue IT70 (rental income guide).
The data in this calculator is updated regularly to reflect the latest official rates. When in doubt, consult the official sources listed above.
FAQ — Rental Income Tax
Which costs can I deduct from my rental income?+
Allowable expenses such as repairs, insurance and agent fees, 100% of your mortgage interest, and a wear-and-tear allowance of 12.5% per year over 8 years on the cost of furnishings and fittings. What remains is your net rental profit, which is what gets taxed.
When does PRSI apply to my rental income?+
Once your total non-PAYE (unearned) income reaches €5,000 in the year. Below that threshold, the calculator charges income tax and USC on the rental profit but no PRSI.
Which income tax rate does the calculator use?+
A flat 20% or 40% choice that you select — not a full banded computation against your total income for the year. Pick the rate that actually applies to your last euro of income to get an accurate figure.