Mortgage TRS

kitten_k

I took out a mortgage in May 2010 but am only applying for my TRS relief now. It is a mortgage with me and a friend.

We need to fill out a frm each and there is a section for putting the interest charged in previous years. I have received details from the bank on the interest paid for the year 2010.

My question is on the forms do we just put 50% of the interest on each form or do we put the 100% on each form?

MickDundee

Hi Kitty K,

Revenue no longer accept the TRS1P form for TRS - you must apply online (see link)

https://www.ros.ie/trs/claim.html;jsessionid=NQ9RNXkQvQDzJ5pmz7CmyZyClnGtTYk5FZmJ2DfSWhrhPldrs6hr!2022659740?execution=e1s1

You and your friend will both need to apply online to each avail of TRS.

When putting down previous Interest paid - it it the whole amount of Interest paid in the year (i.e. 100%). Revenue will then divide this figure between the number of applications they receive on a particular loan.

I hope this helps

kitten_k

Thanks for your help Mick.