K
Keith_D
Guest
I was wondering if somebody could clarify my question in relation to claiming Mortgage Interest Relief. As I understand it and from what I have read on the revenue websites all first time buyers of their main residence in Ireland can claim tax relief in respect to the interest paid on their mortgage loen until the year 2017. Mortgage interest relief for first time buyers in 2012 is 25% for the first and second year, dropping to 22.5% in tax years three, four and five. Finally dropping to 20% in the final years. However if the home loan or mortgage is taken out in the year 2013 this tax relief will not be available.
My question is this, I will very soon signing my mortgage loan with a financial institution here in Ireland and wish to avail of their repayment deferral period, and as a result my first mortgage repayment will not be made until January 2013, although the mortgage itself was taken out and signed in 2012. Will I still be able to claim tax relief in relation to the interest I will be paying on my mortgage?
I would really appreciate any clarification anyone can provide
My question is this, I will very soon signing my mortgage loan with a financial institution here in Ireland and wish to avail of their repayment deferral period, and as a result my first mortgage repayment will not be made until January 2013, although the mortgage itself was taken out and signed in 2012. Will I still be able to claim tax relief in relation to the interest I will be paying on my mortgage?
I would really appreciate any clarification anyone can provide