Dáil Éireann Debate, Wednesday - 18 April 2012
231 Deputy Patrick Nulty asked the Minister for Finance if a person (details attached) in Dublin 15 is eligible for the increase in mortgage interest in Budget 2012; and if he will make a statement on the matter. [19222/12]
Amharc ar fhreagraThis is a matter for the Revenue Commissioners who are responsible for the administration of mortgage interest relief through the tax relief at source (TRS) system. I am informed by Revenue that they have established that the loan in question was drawn down within the qualifying period 1 January 2004 to 31 December 2008 and that the individual is entitled to the increased 30% rate.
Revenue is currently working with lenders to give effect to mortgage interest relief at source measures encompassed in the 2012 Finance Act. The increased rate will be applied to the person's loan shortly and the arrears from 1 January will be credited to the mortgage funding account without the necessity for any further action on the part of the person concerned.
