Mortgage TRS halved in January

[DGOBS]

Why would my TRS half in January?
It went from 147 euro to 75 euro for the last 3 months, we are
6.5 years into our mortgage, was there a change in the budget?

 

[elcato]

6.5 means 7 years (you would have received total in year one but larger installments). As this was the original length to receive trs prior to last years budget changes then you get the lower relief until 2017. I'm unsure of the figures after 7 years are up but I believe they are a good bit lower.

 

[robbie00]

Check the figures out on the following link to see what % relief you are entitled to http://www.revenue.ie/en/tax/it/reliefs/tax-relief-source-mortgage-rates.html

 

[DGOBS]

Elcato, that makes perfect logic as I look back through my records, thanks,
I assumed trs stopped once you got to 7 years, not a lower rate.

Thanks Robbie00 very helpful link, cheers