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Mortgage Interest Relief

Sizzler · 2007-01-31 10:32:46

On foot of the recent budget announcement I was expecting my mortgage interest relief allowance to double this month, but it hasn't :( Its gone up by about 80%, anybody else seen the fruits of the "double" relief or have I just been screwed over?

31-01-2007 10:32am

#1

Sizzler

Registered Users, Registered Users 2 Posts: 5,430 ✭✭✭

Join Date: November 2005

Posts: 4989

On foot of the recent budget announcement I was expecting my mortgage interest relief allowance to double this month, but it hasn't

Its gone up by about 80%, anybody else seen the fruits of the "double" relief or have I just been screwed over?

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Comments

#2 01-02-2007 9:12am

Sizzler

Registered Users, Registered Users 2 Posts: 5,430 ✭✭✭

Join Date: November 2005

Posts: 4989

For anybody who was thinking the same, I checked it out and basically the govt doubled the interest ceiling amount, not the actual REAL cash TRS you see going off your mortgage! The previous ceiling was €8K P.A, its now doubled to €16K P.A. So the odds are for most folk they'll get a few extra quid out of it each month but they wont see double the amount they might have expected to see

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