Dáil Éireann Debate, Thursday - 17 July 2014
103. Deputy Michael McGrath asked the Minister for Finance if he will set out in tabular form the number of persons or mortgage accounts in receipt of tax relief at source in each year from 2010 to date in 2014; the projected cost of the scheme this year; and if he will make a statement on the matter. [32447/14]
View answerI am advised by Revenue that mortgage interest relief (MIR) is paid by way of tax relief at source (TRS) through the relevant lending institutions.
The number of mortgage accounts in receipt of MIR and the cost of the scheme in each year from 2010 to 2014 (at end May) is set out in the table below. The full cost for 2014 is estimated at €350m.
|
Tax Year |
Number of Accounts |
Cost |
|
2010 |
349,533 |
€349.3m |
|
2011 |
352,806 |
€344.0m |
|
2012 |
355,366 |
€390.0m |
|
2013 |
346,499 |
€342.5m |
|
2014 |
340,734 |
€112.1m |
