joint buyers, one account

S

Sinead C

Guest
Hi there - I was wondering, if partners buy a house together, and both claim Tax Relief at Source, but the actually mortgage repayment is only coming out of one bank account, how can both of them gain their relief. Both partners have filled in the TRS form, the loan is with IIB.
thanks, Sinéad
 
We each get equally TRS on half of the interest amount.

The bank receives 2 certificates of qualification for TRS but they deduct them both from your monthly repayment. You won't know any different, unless they get them both at different times, and you might have only one applied until the other kicks in.

HTH
 
You must log in or register to reply here.
Back
Top