Tax Relief at Source while in arrears

J

Jatasha

Registered User
Messages
3
My mortgage fell into arrears from 2017 to 2020 when I made no repayments on my loan. An agreement with UB has been reached and my arrears are to be recapitalised.
TRS was not claimed from the Revenue by UB on my loan for those 4 years. Where do I stand on now claiming the TRS for those 4 years.
 
TRS is only available in interest PAID. If you didn't pay interest, you can't claim TRS.
 
RedOnion said:
TRS is only available in interest PAID. If you didn't pay interest, you can't claim TRS.
Click to expand...
Thanks for the clear reply. However, is there not a facility to claim TRS on interest when the interest is paid at a later date?
 
This PQ answer from May 2019 might be useful:


This might cause you problems if you start paying now as since January 2021 TRS is gone.

Check with the bank, it's not the first time that this would have come up for them.
 
Yeah, I doubt it's a principled stand on Revenue's part.

It's just not practical to leave the door open forever when the scheme has been closed. Staff will be put to do other things.
 
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