By claiming the relevant reliefs, landlords and tenants can both be better off. The rent-a-room scheme allows individuals to rent out rooms in their own home and earn a certain amount of income tax free. Since January 1, 2008, the first €10,000 is exempt from tax. This relief has been available since April 2001.
A parent is not allowed to claim rent-a-room relief for rent received from an adult child living in the family home. This restriction has...
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