new loan for a new house
What if you didn't start claiming TRS until a number of years after the mortgage was taken out and revenue cuts you off TRS before the 7 years are up?
Thanks for replies.you should have claimed a refund for the years not claimed properly,
this refund would then incorporate your first few years of trs claims, thus reducing the 7 years from when you actually started receiving trs every month.
Thanks for replies.
I am aware of the refund possibility, but was also informed by online revenue literature re:mortgage interest relief at time that the 7 years of relief commenced from DATE OF FIRST CLAIMING RELIEF, not date of taking out mortgage.
I also read somewhere that revenue have deferred all tax reclaims until next year, so if I claim now I will have to wait until next year, or perhaps even later, for cheque to arrive.