Mortgage Tax Relief at Source

[PMC999]

All, a friend of mine is considering renting out his PPR for a year and going to Australia. I know he will no longer be entitled to TRS on his mortgage interest. However, does anyone know if he can reapply for TRS once he returns to Ireland? He bought the house in 2007. Thanks.

 

[Graham_07]

Once he takes up residence again in the property as his PPR then he is entitled to reapply for TRS to be reinstated.

 

[PMC999]

Thanks Graham. I presume the years he is away cannot be claimed back in the future. In other words if the TRS lasts 7 years and he is overseas for 2 years he will only be able to receive TRS for 5 years?