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Mortgage interest relief - first time buyers

danyosan · 2008-10-16 02:19:17

Hope fully you guys can clear something up for me. The 7 year period that first time buyers enjoy with tax relief - is this an uninterrupted period? For example - say someone gets their first mortgage and claims relief on this mortgage. 1 year later the mortgage is paid off and the person is mortgage free. 2 years later…

16-10-2008 2:19am

#1

danyosan

Registered Users, Registered Users 2 Posts: 315 ✭✭

Join Date: April 2005

Posts: 255

Hope fully you guys can clear something up for me.

The 7 year period that first time buyers enjoy with tax relief - is this an uninterrupted period?

For example - say someone gets their first mortgage and claims relief on this mortgage. 1 year later the mortgage is paid off and the person is mortgage free.
2 years later another mortgage is taken out and relief is claimde for.

Does the 7 years run from the date of the first mortgage, or does the 2 years in between both mortgages count as a break in the 7 year period?

If this is the wrong forum I'd appreciate it if you could let me know.

Thanks

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#2 16-10-2008 8:11pm

danyosan

Registered Users, Registered Users 2 Posts: 315 ✭✭

Join Date: April 2005

Posts: 255

Nobody??

Is this the wrong forum for this question?

0