Mortgage Interest Relief Question

[reg_hurley]

Hi All,

I'm looking for some info before I contact the revenue office directly.

My partner and I took out a 280,000 mortgage over a year ago and were both first time borrowers.
My TRS cert from last year says we paid €12,141 in interest.
This puts us in the €10,000 bracket. So 20% of that is: €166.66 per month
Last year we received €210.70pm
We currently get €194.40pm

As it's a joint mortgage should we be getting €166.66 * 2 = €333.32,
Do these figures make sense to anyone? Does €194.40 sound right?

 

[LDFerguson]

For this year, the maximum TRS is 20% x €10,000 of interest paid for each of ye. If you're actually paying around €12,000 interest in the year, then your total TRS would be €12,000 x 20% / 12 = €200 per month.

Actual figure doesn't sound too far off.