Pearse Doherty
Ceist:160. Deputy Pearse Doherty asked the Minister for Finance the cost in budgetary terms of retaining mortgage interest relief at the level it will be at from the 1 January for the next three years. [48967/18]
Amharc ar fhreagraTuesday, 27 November 2018
Ceisteanna (160)
Freagraí scríofa
It is presumed the Deputy is referring to mortgage interest relief for persons with a qualifying mortgage loan on a principal private residence. I am advised by Revenue that the estimated cost of the relief in 2019 is €78m. Therefore, it can also be estimated that the cost of retaining the relief at 2019 levels for the following three years would result in a similar annual cost. However, this does not take account of any reduction in the number of qualifying loans over the three-year period.