just wondering what to do in my situation.
Ive 2 mortgages in the south. Myself and the wife work in the north. We pay our taxes to HMK. We dont do yearly tax returns to the south (as like 1000's of people living along border).
I fixed both mortgages in April 2022 for 10 years (super rates compared to today). Maybe I'm not entitled to anything?
I dont want to make an enquiry with revenue. i dont want an audit. I do have a PPS number, but haven't used it since 07.
is it fair to that people can only avail of the tax relief thru their credits? what if one doesn't work in the state?
Why isn't this done thru the bank like the Mortgage relief pre 2012? that was fine, I was getting the relief back i was entitled to.
any advise would be appreciated.
So you don’t pay any income tax in Republic of Ireland and (unless I’m reading in wrong) haven’t paid any since at least 2007 but now want some of everyone else’s tax back?
All that might be so, but it doesn't mean you can claim a reduction in a tax you do not pay! The rules of the scheme are quite clear:Im allowed to work in my natural hinterland, which includes the north. the GFA allows for that.
You must have an Income Tax liability to offset against to benefit from the Mortgage Interest Tax Credit.
How is that fair then? I pay my mortgage like anyone in the south. Under the GFA there is tax recognition between both states.All that might be so, but it doesn't mean you can claim a reduction in a tax you do not pay! The rules of the scheme are quite clear:
There are many who would say paying the majority of your taxes to another state while availing of the services and benefits that the rest of our income taxes pay towards is quite unfair. To then think you are entitled to a reduction on a tax you don't even pay beggars belief.How is that fair then?