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interest relief

spindizzy · 2011-01-04 20:26:01

Hey, If you change your mortgage from interest and capital to just interest payments for a period do you still get the interest supplement/tax relief on the interest while you are paying interest only???

04-01-2011 8:26pm

#1

spindizzy

Banned (with Prison Access) Posts: 104 ✭✭

Join Date: November 2010

Posts: 63

Hey,

If you change your mortgage from interest and capital to just interest payments for a period do you still get the interest supplement/tax relief on the interest while you are paying interest only???

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Comments

#2 04-01-2011 9:30pm

petermurp

Closed Accounts Posts: 21 ✭

Join Date: March 2010

Posts: 21

spindizzy wrote: »

Hey,

If you change your mortgage from interest and capital to just interest payments for a period do you still get the interest supplement/tax relief on the interest while you are paying interest only???

Yes, it's based on the interest you pay on your mortgage, regardless if you're paying interest only or annuity basis

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#3 05-01-2011 9:45am

spindizzy

Banned (with Prison Access) Posts: 104 ✭✭

Join Date: November 2010

Posts: 63

thats what i thought. Just was expecting a claus in it that if ya didn't pay off capital.....

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