Self Employed Income Calculator

Irish rental income is taxed under Case V: you start with gross rent, subtract allowable expenses, and pay Income Tax, USC, and PRSI on the resulting profit. Your effective tax rate depends on your bands, credits, and deductions.

Typical allowable expenses include mortgage interest (see RTB rule below), repairs and maintenance, insurance, letting/management fees, accountancy/RTB fees, service charges, and a share of utilities paid by the landlord; LPT, capital improvements, and your own labour are not deductible.

Yes - 100% of interest on loans used to purchase, improve, or repair the let property is deductible only if the tenancy is registered with the RTB; if not registered, the interest deduction is disallowed for that period.

Yes - USC applies once your total income exceeds the annual exemption, and PRSI applies to rental profits as unearned income (normally collected via self-assessment when profits exceed €5,000).

You may claim capital allowances (wear & tear) on qualifying furniture, fixtures, and appliances used in the rental - generally 12.5% per year over 8 years; structural works and extensions are capital (no deduction as an expense) but may reduce CGT on a future sale.

Profits and losses are usually split according to the beneficial ownership percentages on the title; spouses/civil partners who are jointly assessed still compute the rental profit but it’s charged within the joint assessment.

Non-resident landlords are taxed on Irish-source rents; if you don’t appoint a collection agent, a 20% withholding may be operated by the tenant/agent and credited against your Form 11 liability - your final tax is still based on the net profit after expenses.

A time-limited income relief reduces tax on a portion of qualifying residential rental profits for compliant individual landlords; the amount is phased by year and subject to conditions.

Landlords file via Form 11 under self-assessment for the prior tax year, generally due by mid-November alongside payment of the balance and preliminary tax for the current year.