Tax advisers want answers on rent credit confusion

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Tax advisers have urged the Government to clarify confusion over plans for the rent credit.

But Taxback.com says the Bill is silent on whether a parent can claim rent credit on more than one tenancy where they have a number of college-going children living in different accommodation.

“This suggests that parents will be unable to claim the credit for any children who delayed going to college and who therefore didn’t start until the age of 23 or older,” says Marian Ryan, consumer tax manager with. “It is also unclear if this age limit of 23 prevents parents of students who began a postgraduate or master’s degree at or after that age from claiming the relief.”

 

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