Hi,
I've looked at other threads and the revenue site, but am still confused.
We bought our first house in 2002 when we were single. We married in 2005 and bought a new house in 2006 (sold the old one)..
With regard to Tax relief on the interest payable - should we still be treated as First time buyers as we are still within the 7 year time frame i.e. with an upper limit of €16K
or are we treated as 'others' with a reduced limit of €6K.
We have just switched our mortgage and the interest payable for the first year is €8,540, which the bank have calculated the tax relief at source to be €92.36 per month over 11 months.
Thanks in advance.