I propose to take Questions Nos. 234 and 235 together.
I am informed by Revenue that the following tables set out the number of loans qualifying for mortgage interest relief (MIR) broken down by rate and ceiling of relief.
The data are based on the numbers of loans qualifying for relief as at 31 December 2016. As is apparent from the tables, the vast majority of relief is now granted at the 15% and 30% rates of relief and at the lower €3,000 and €6,000 ceilings.
A breakdown by numbers of individuals/couples at the various rates and ceilings of relief is not available due to the manner in which the data are returned to Revenue.
Distribution of Loans by Rate
Rate
|
Number of Loans
|
15%
|
130,033
|
20%
|
12,982
|
22.5%
|
1,852
|
25%
|
11
|
30%
|
147,570
|
TOTAL
|
292,448
|
Distribution of Loans by Ceiling
Ceiling
|
Number of Loans
|
3,000
|
125,101
|
6,000
|
150,808
|
10,000
|
9,145
|
20,000
|
7,394
|
TOTAL
|
292,448
|