B
bpm78
Guest
Hi,
I would appreciate some advice on this matter if anyone can help.
I have being receiving mortgage interest relief on an apartment which was my primary residence from 2004 up until October 2007 at which point I moved to a new primary residence and maintained ownership of the apartment to date. In 2007 I did not move over the mortgage interest relief to my new residence.
I remember reading at the time that the relief should only be applied for on one property and usually this is the primary property. So I never ended up moving the relief to my new property.
Really I should have changed over - especially since my new mortgage was bigger and I got married in later 2008.
What are the ramifications of this?
Should I inform revenue now?
Is there a way to reclaim the difference of the tax relief?
Should I just starting claiming on my current redidence?
Would appreciate any thoughts.
Thank you.
I would appreciate some advice on this matter if anyone can help.
I have being receiving mortgage interest relief on an apartment which was my primary residence from 2004 up until October 2007 at which point I moved to a new primary residence and maintained ownership of the apartment to date. In 2007 I did not move over the mortgage interest relief to my new residence.
I remember reading at the time that the relief should only be applied for on one property and usually this is the primary property. So I never ended up moving the relief to my new property.
Really I should have changed over - especially since my new mortgage was bigger and I got married in later 2008.
What are the ramifications of this?
Should I inform revenue now?
Is there a way to reclaim the difference of the tax relief?
Should I just starting claiming on my current redidence?
Would appreciate any thoughts.
Thank you.