MORTGAGE INTEREST RELIEF / marital status

V

valley123

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Do We Need To Notify The Revenue Once We Get Married So As They Can Change Mortgage Interest Relief Or Does This Happen Automatically? We Have Sent In Form To Revenue For Joint Assessment Of Tax Already.
Am I Right In Saying That We Will Qualify For More Mortgage Interest Relief As A Married Couple....thanks :)
 
It depends.

I pay about 6000 a year in interest. That is below the tax relief ceiling of 10,000. So I obviously only get tax relief on the 6000 interest.

If you were paying, say, 11k, then you would get tax relief on 10k.

If I get married, nothing changes.

If you get married, the ceiling is 20k, so you would now get tax relief on the last 1k.

Make sense?
 
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