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TRS

  • 21-01-2011 11:37am
    #1
    Closed Accounts Posts: 4


    I bought a apartment 7 years ago and qualified for TRS. I subsequently sold the apartment and bought a house 5 years ago. Would anybody know when my TRS will run out? Will the TRS starting date be on my current mortgage which I got 5 years ago of would it be based on my first mortgage which I took out 7 years ago. Any feedback would be greathly appreciated, thanks


Comments

  • Registered Users, Registered Users 2 Posts: 68,190 ✭✭✭✭seamus


    You got a bit of a bonus in the December 2009 budget. Your mortgage qualifies for TRS and because you took it out between January 2004 and December 2011, you will continue to receive TRS until December 2017.


  • Registered Users, Registered Users 2 Posts: 699 ✭✭✭okiss


    I would check with your bank that you are getting trs on your mortgage.
    I mentioned trs to a work person a few years ago, they discovered that they were not getting trs and got a large back payment just making one phone call and filling out a revenue form.

    Also trs is based on the amount of interest that you are paying each month on the mortgage so as the interest amount on the loan goes down so does trs.


  • Registered Users, Registered Users 2 Posts: 91 ✭✭Jonathan222


    New to this so hopefully I have posted to the correct forum.

    I bought a house in 2005 and claimed TRS on this property until 2009 when I bought a second home and rented out the first one. I stopped claiming TRS on the first home in 2009 as it was not my principal residence and never got around to claiming it on the new house (as a second time buyer) so I'm just wondering can I claim TRS from 2009 on the second home up until now?

    Thanks


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