Tuesday, 15 May 2018

Questions (204)

Pearse Doherty

Question:

204. Deputy Pearse Doherty asked the Minister for Finance the estimated cost of maintaining mortgage interest relief at its current rate in 2019. [21235/18]

View answer

Written answers (Question to Finance)

I am advised by Revenue that the estimated cost of Mortgage Interest Relief (MIR) in 2018 is €124m, while the projected cost of MIR in 2019 is €78m. These figures take account of the tapering out of the relief as a result of Budget 2018.

Therefore, it is estimated very roughly that the cost of retention of MIR at the 2018 ceilings and qualifying interest levels in 2019 would be an additional €46m.