{"id":645668,"date":"2026-10-05T17:54:08","date_gmt":"2026-10-05T17:54:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/645668\/"},"modified":"2026-10-05T17:54:08","modified_gmt":"2026-10-05T17:54:08","slug":"budget-2027-rent-tax-credit-could-increase-to-e1200-per-person-at-higher-level-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/645668\/","title":{"rendered":"Budget 2027: Rent tax credit could increase to \u20ac1,200 per person at higher level \u2013 The Irish Times"},"content":{"rendered":"

An increase in the rent tax credit is understood to be on the table as budget<\/a> talks enter their final phase and the focus shifts to the final touches to the tax package.<\/p>\n

The Coalition will reveal an \u20ac8.5 billion package of tax and spending measures on Tuesday after a budget process that has seen tensions flare even with significant extra spending and tax cuts predicted.<\/p>\n

While the vast majority of the spending increases have been agreed, the tax package was still being worked on in Government Buildings and the Department of Finance<\/a> on Monday afternoon.<\/p>\n

It is understood the rent tax credit could be set for an increase, with a higher level of \u20ac1,200 per person or \u20ac2,400 for a married couple or civil partnership said to be under discussion. <\/p>\n

The current maximum value is \u20ac1,000 for a single person or \u20ac2,000 for married couples or civil partners. However, the higher threshold may not kick in until later in 2027.<\/p>\n

The tax-free rental income allowance will be extended to backyard cabins, which the Coalition has encouraged through planning reforms. <\/p>\n

[\u00a0Budget 2027: Improved childcare supports to include after-school careOpens in new window<\/a>\u00a0]<\/p>\n

First time buyers will be able to access up to \u20ac35,000 towards the deposit on their first home after agreement was reached by party leaders. This increases the limit by \u20ac5,000.<\/p>\n

The entry point for the higher rate of income tax is expected to rise from \u20ac44,000 to \u20ac46,000, while adjustments to the universal social charge and tax credits are also expected to add a few hundred euro annually in benefits for middle-income earners.<\/p>\n

It is expected that there will be an across-the-board \u20ac150 cut to student fees. There had been suggestions over the weekend that a \u20ac250 cut could be on the cards, but hopes for this had expired by Monday morning. Across the course of the day, however, the idea re-emerged, with indications on Monday evening that there would be an extra allocation of around \u20ac18 million to deliver the measure.<\/p>\n

It is expected there will be greater access to subsidies for parents with more than one child attending college.<\/p>\n

There will be an increase in the income disregard for the carer\u2019s allowance, which currently stands at \u20ac1,000 for single carers or \u20ac2,000 for a couple. However, it is expected to be more modest than last year\u2019s. <\/p>\n

[\u00a0Social welfare, tax changes and childcare costs: Everything we know about Budget 2027 so farOpens in new window<\/a>\u00a0]<\/p>\n

An increase is also expected on the living alone allowance, with \u20ac5 floated but not yet confirmed, and a separate increase on the child support payment.<\/p>\n

Again, the increase to the child support payment is expected to be less than last year, when it went up by \u20ac16 weekly for kids aged 12 and up, and \u20ac8 for the under-eights.<\/p>\n

On the pre-budget suggestion of a \u201cculture card\u201d for young people, originally mooted as being worth about \u20ac100, a spokeswoman for Minister for Culture Patrick O\u2019Donovan said \u201cmoney to progress\u201d the idea had been secured \u201cso the department will now be able to continue its work in this area\u201d.<\/p>\n

She added: \u201cSo far, we have been engaging with our EU counterparts on their approach. We now need to engage with the cultural sector and draw up the terms of the scheme, and develop a framework of approved venues. <\/p>\n

\u201cAll going well, we anticipate being able to roll it out by the end of next year.\u201d<\/p>\n

Extra funding has been agreed for An Coimisi\u00fan Plean\u00e1la and local authority planning departments in an effort to speed up decision making.<\/p>\n","protected":false},"excerpt":{"rendered":"An increase in the rent tax credit is understood to be on the table as budget talks enter…\n","protected":false},"author":2,"featured_media":645669,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[5168,3662,61,60,43,6232,33373],"class_list":["post-645668","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ireland","tag-budget","tag-housing-crisis","tag-ie","tag-ireland","tag-news","tag-patrick-o-donovan","tag-rent-tax-credit"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/645668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=645668"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/645668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/645669"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=645668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=645668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=645668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}