Dáil Éireann Debate, Thursday - 18 July 2013
117. Deputy Kevin Humphreys asked the Minister for Finance the yield to the Exchequer if mortgage interest relief was capped up to an earnings limit of €80,000 or €100,000, respectively; and if he will make a statement on the matter. [36281/13]
Amharc ar fhreagraI assume that the Deputy is referring to those with incomes above €80,000, or €100,000, who would no longer qualify for mortgage interest relief under this proposal. I am advised by the Revenue Commissioners that based on associating incomes and mortgage interest data for 2010, and applying derived ratios to the estimated cost of mortgage interest for 2012, the full year yield to the Exchequer of restricting mortgage interest relief as suggested, regardless of whether the qualifying loans were taken out by single individuals or couples is tentatively estimated to be of the order of €60 million and €30 million respectively.
