The Private Residential Leases (Tax Rebate) Rules, 2020, were published on the 23rd June, 2020, by virtue of Legal Notice 258 of 2020.
In terms of the Rules, as from 1st January 2020, any person who in the year immediately preceding the year of assessment derives income from a private residential lease having an original duration of two (2) years or more, which lease is registered with the Housing Authority, and where the option to pay tax at 15% has been exercised, then such person shall be entitled to a tax rebate.
The rebate will be granted in the form of a deduction from the tax chargeable in terms of Article 31D ITA on the rental income from each relevant private residential lease; determined as follows:
| Duration | Bedrooms | Rebate (EUR) |
| less than 3 years | 1 | 200 |
| 2 | 300 | |
| 3 or more | 400 | |
| 3 years or more | 1 | 300 |
| 2 | 400 | |
| 3 or more | 500 |
The tax rebate is capped at 15% of the rent derived from the lease in that year.
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