Tax-free Government Scheme Aimed to Boost Dublin's Student Housing

Posted by Richard Ward in

Image courtesy of Flickr, Creative Commons

A new government campaign has been launched in Dublin that allows homeowners to rent a spare room to student tax free providing rental income does not exceed EUR 12,000 per year.

ICD Students' Union, TCD Students' Union and Draft.ie are all advertising the tax incentives in an attempt to secure more affordable student accommodation in the capital.

In total the advertising project is being valued at EUR 8,000 and will see a number of channels, including social media, being used to promote the scheme.

Student Union presidents from both TCD and UCD hope that the push will create more student bed spaces, which will at least provide a short term solution to the lack of student housing in Dublin.

It's hoped that the increased awareness of the tax incentive will mean that additional student beds can be advertised in the market in a matter of weeks rather than taking years, which can be the case for new student accommodation developments.

There are concerns however that homeowners may be anxious about letting out rooms to students, who can sometimes be branded with a bad reputation. It's argued though that those applying for such rooms will be looking for a homely setting rather than a standard student bedsit.

Currently the scheme is available to those where their home is their sole residency and only applies in cases of residential tenancies, not short term lets.