Backdating of mortgage interest relief in 2009

A

AMatt

Registered User
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Hi all, I have some queries regarding the backdating of mortgage interest relief for FTBs. Several websites say "This relief will be backdated to those who made a purchase in the last 4 years" as on http://newsweaver.ie/itilibrarynews/index000306437.cfm.

Does backdating mean the new rates apply from when the mortgage started, assuming it was within the past 4 years? If yes, will money be refunded via the lender or should a TRS1P form be submitted to revenue?
 
Backdating means you can claim for relief of years when you claimed no relief. The rate will be at what ever the rate was for that year, so you will not get the 2009 rate for 2008 or earlier.
 
Do you have to apply for the relief to be backdated or are the revenue going to automatically do it for you? For example I bought a house in Sept 2007 - so do I have to contact the revenue to get the new rate backdated to then?

It's not alot but better in my hands.
 
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