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Tax Relief at Source

orchidsrpretty · 2008-01-08 10:51:23

i hope this is'nt a stupid question but does the TRS on your mortgage decrese at the begining of each year? i recevied a letter yesterday saying that ours had dropped by 60€ and we have had our mortgage less than 1 year. Any input before I call them would be helpful just incase this is the norm. Thanks.:o

08-01-2008 10:51am

#1

orchidsrpretty

Registered Users, Registered Users 2 Posts: 2,148 ✭✭✭

Join Date: February 2007

Posts: 1860

i hope this is'nt a stupid question but does the TRS on your mortgage decrese at the begining of each year? i recevied a letter yesterday saying that ours had dropped by 60€ and we have had our mortgage less than 1 year. Any input before I call them would be helpful just incase this is the norm. Thanks.:o

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Comments

#2 09-01-2008 12:57pm

patrickolee

Closed Accounts Posts: 890 ✭✭✭

Join Date: October 2004

Posts: 870

Hasn't changed for me, I looked back as far as July of last year, always the same. Give them a ring they'll tell you fairly quick I should think.

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#3 10-01-2008 3:38pm

gurramok

Closed Accounts Posts: 13,992 ✭✭✭✭

Join Date: September 2001

Posts: 13618

Depends how much interest you pay every year.

Its probably you paid a little bit more in capital and little bit less interest after year 1 which might explain the less relief you get..

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