20. Exemption from income tax of rental income subject to registration with Residential Tenancies Board
Part 30 of the Principal Act is amended in Chapter 4 by the insertion of the following section after section 790E:
(1) In this section -
‘Act of 2004’ means the Residential Tenancies Act 2004;
‘approved retirement fund’ has the same meaning as in section 784A;
‘Board’ means the Residential Tenancies Board;
‘exempt approved scheme’ shall be construed in accordance with section 774;
‘lease’ means any lease or tenancy agreement in respect of -
(a) a residential premises required to be registered under Part 7 of the Act of 2004 by the person chargeable, or
(b) a dwelling referred to in section 3(2) of the Act of 2004;
‘PEPP’ and ‘PEPP provider’ have the same meaning, respectively, as in Chapter 2D of this Part;
‘person chargeable’, in respect of the rental income or the profits or gains arising from any rent in respect of a residential property, means -
(a) in the case of an exempt approved scheme, the trustees of the scheme,
(b) in the case of a RAC, the persons by and to whom premiums are payable under any contract for the time being approved under section 784,
(c) in the case of a RAC established under trust, the trustees or other persons having the management of any trust scheme so approved,