The Revenue website says . . "Mortgage interest relief is calculated by reference to a year of assessment. This is also known as a tax year. It is the same as the calendar year, i.e. runs from 1st January to 31st December and not for any 12 month period [e.g. 1st April to 31st March]."
For a couple who bought in Dec 2007, does their 7 years as a FTB (with a €20000 interest relief ceiling) run until Nov 2014 (84 months) or Dec 2013 (73 months)? That is to say is the one month they claim for in 2007 count as a full year out of 7 with regards to being a FTB and the related €20000 ceiling?
For a couple who bought in Dec 2007, does their 7 years as a FTB (with a €20000 interest relief ceiling) run until Nov 2014 (84 months) or Dec 2013 (73 months)? That is to say is the one month they claim for in 2007 count as a full year out of 7 with regards to being a FTB and the related €20000 ceiling?