Dáil Éireann Debate, Wednesday - 18 April 2012
102 Deputy Catherine Byrne asked the Minister for Finance if mortgage interest relief is paid to first time buyers who purchased in December 2003; if they are entitled to any further reliefs; and if he will make a statement on the matter. [17830/12]
View answerAs the Deputy is aware, the Government has now fulfilled its commitment contained in the Programme for Government to increase the rate of mortgage interest relief to 30 per cent for first-time buyers who took out their first mortgage in the period 2004 to 2008.
I have sought to be as flexible as possible within the constraints pertaining. Generally, individuals who have paid mortgage interest on loans taken out on or before 31 December 2003 have not qualified for mortgage interest relief since the tax year 2009. However, some claimants, who took out loans in late 2003 but did not make their first payment of home loan interest until 2004 have been granted mortgage interest relief through the Tax Relief at Source system (TRS). Such individuals will continue to be granted relief through the TRS system.
103 Deputy Patrick O’Donovan asked the Minister for Finance when a tax exemption certificate will issue in respect of a person (details supplied) in County Wexford; and if he will make a statement on the matter. [17848/12]
View answerI am advised by the Revenue Commissioners that a tax credit exemption certificate issued to the person in question on 29th March 2012. The Pension provider has also been notified to this effect and this will enable them to refund to the taxpayer any tax that has been deducted from the pension since the start of the year. The person in question should submit a copy of their P60 for 2011 to The Revenue Commissioners, East and South East Region, P.O. Box 1, Rosslare Harbour, Co. Wexford so that any tax overpaid in 2011 may be refunded.
