Minister for Housing Darragh O’Brien is calling for an increase to the rent tax credit in the upcoming Budget 2024.
Speaking at the official opening of The Crossings at Adamstown today, Mr O’Brien said renters would benefit from the relief increasing.
“It’s been an assistance to renters this year,” he said.
“It’s a real assistance to renters in reducing the actual cost... I’ve made it very clear that I want to see it increased.
“I won’t not going to go into at what level because we're on our Government discussions at the moment in relation to Budget preparations.”
Higher Education Minister Simon Harris also called for the rent tax credit to be doubled during the week and said the credit should be included to parents of students in private room accommodation or ‘digs’.
The rental tax credit was introduced in Budget 2023 and is applicable to both 2022 and 2023 income. Single people are entitled to a €500 credit while married couples and civil partners jointly assessed are entitled to €1,000.
Mr O’Brien attended the opening of The Crossings, a new “urban village” in Adamstown, Co Dublin.
Mixed development property companies QuintainIreland invested €200 million in the new village, which promises to provide 5,000 homes.
Mr O’Brien said “there is an urgent need for new housing throughout the country”.
“Quality housing is not just about building homes, it’s about creating new well-served and sustainable communities,” he said.
“People living in or visiting Adamstown now have a new urban village, a place to gather, to meet, to shop, to relax and to share experiences.”
The Crossing also includes a public plaza, urban park, soft play trails, biodiversity corridors and retail shops.