Rent a room: what to know
The tax relief may appear financially attractive, but there are many factors to consider, including sharing your home with a stranger
Rent-a-room relief is probably the most lucrative tax scheme available to the ordinary householder in Ireland, yet it remains an underutilised scheme.
The tax benefit
In essence, the scheme allows a householder to rent out a room in their home and to receive up to €12,000 per annum totally tax free. The money is not liable to income tax, USC or PRSI. You must live in the property as your sole or main ...