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IRS: Learn how to deduct rental expenses

27 FEBRUARY 2024
Topics
Imóveis Mercado Imobiliário Autoridade Tributária e Aduaneira Governo Rendas Casas para arrendar IRS
If you paid rent on your house in 2023, you should know that your receipts will be available on the Finance Portal until 15 March.
IRS: Learn how to deduct rental expenses
Source: Freepik
Author: Redaction

Expenditure on housing rents paid during 2023 can be deducted from this year's IRS. To do this, it is crucial to ensure that all rent receipts are duly registered in e-Fatura. If the electronic receipts are not visible on the Finance Portal, there is no need to worry, as many of them were only available until 15 March.

In e-Fatura, the information on electronic rent receipts may not be immediately visible in the tiles related to provisional IRS deductions or IRS deductible expenses. The Tax and Customs Authority (AT) explains that when you hover over the "Housing" and "Real Estate" tiles, you may see the message "Electronic rent receipts not yet included". 

The lack of information on electronic rent receipts issued by the landlord in e-Fatura should not alarm taxpayers, since the information will be made available by the Finance Portal by 15 March of the year following the issue of the documents, as the AT explains.

This information is crucial for tenants or those who lived in rented accommodation last year. House rents are tax deductible up to a maximum of 502 euros and can significantly influence the amount you pay or receive in your tax refund.

It's important to note that with the State Budget for 2024, the limit for the deduction of rents in the IRS will increase from the current 502 euros to 600 euros, which will be applied to the IRS to be filed in 2025.

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Topics
Imóveis Mercado Imobiliário Autoridade Tributária e Aduaneira Governo Rendas Casas para arrendar IRS
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