Hi, I start paying my mortgage next month and have just filled out the TRS1 form and sent it to revenue. My interest for the first year is €11,872.
So with the budget and the latest mortgage relief:
20% of €8000 =1600
1600 % 12 = €133.34
Does this mean that in my pay each month I get €133.34 added to it because of mortgage interest relief??
If not how does it work?
thanks
So with the budget and the latest mortgage relief:
20% of €8000 =1600
1600 % 12 = €133.34
Does this mean that in my pay each month I get €133.34 added to it because of mortgage interest relief??
If not how does it work?
thanks