Dáil Éireann Debate, Tuesday - 13 February 2024
454. Deputy Pearse Doherty asked the Minister for Social Protection for an update on commitments made to introduce a mortgage interest supplement for those with insufficient income tax liability to avail of the mortgage interest tax credit introduced in the Finance Act 2023; and if she will make a statement on the matter. [6554/24]
Amharc ar fhreagraIn Budget 2024, my colleague Minister McGrath announced the introduction of a temporary one-year Mortgage Interest Tax Relief scheme for eligible claimants.
Lead responsibility for the provision of this tax relief rests with the Revenue Commissioners and claims can be submitted from 31 January 2024 through Revenue’s myAccount service.
The expectation is that the majority of people who are eligible will be in a position to benefit from the support via tax relief. Where Revenue confirms that there is not a sufficient tax liability for a person to benefit from the relief, the person can apply to my Department for support.
My Department is co-operating with the Department of Finance and the Revenue Commissioners on this matter. Arrangements have been put in place in my Department to record details of eligible persons wishing to register their interest in applying for this support.
I trust this clarifies the matter for the Deputy.
