Dáil Éireann Debate, Thursday - 17 December 2015
120. Deputy Michael McGrath asked the Minister for Finance his estimate of the cost of mortgage interest relief for owner occupiers in 2016 and 2017, assuming interest rates do not change in the meantime; and if he will make a statement on the matter. [45937/15]
View answerAs I advised the Deputy in response to his Question No. 74 of 26 November 2015, figures for the cost of mortgage interest relief in 2014 and 2015 are highly provisional.
The cost of relief for 2016 and 2017 will depend on a variety of factors, including the numbers of mortgages, the monetary amount of the qualifying loans taken out, the rate of relief applying to those qualifying loans, the year the qualifying loans were taken out and the extent to which the ceilings for relief are impacted by changes in interest rates. Taking these issues into consideration, my Department and Revenue will review forecasts for the following years after the end year 2015 receipts are finalised.
