Thanks, so if the house had of been bought in January 2003 would it still be received until January 2010
So sneaky and totally disgraceful that TRS is not in fact for the first 7yrs as it is claimed to be.
Yes - was annoyed to find this out after the fact. To make matters worse, I drew down a small portion of mortgage initially for a stage payment 3/4 of a year before the house was completed.I also feel sorry for anyone who doesnt know this, especially if they draw down in Nov/Dec, but I cant see revenue changing this to a 7x12months payment
If you had bought in 2004, 2010 would have been Year 7 & you would have qualified for the relief extension until 2017 that was announced in last month's budget.
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I can't believe I didn't hear about this earlier! This is fabulous news!Anyone whose entitlement to relief was due to expire in 2010 or after will continue to qualify for relief at the applicable rate up until the end of 2017. Therefore your relief should continue until the end of 2017.
The Revenue website hasn't been updated to explain these changes - I emailed them to ask why & they replied stating that they would be doing so after the Finance Bill has been published.
Luckily, Citizens Information is on the ball & have explained things here [broken link removed]