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Formula for calculation of mortgage interest relief

  • 02-03-2014 6:01pm
    #1
    bmwguy
    Closed Accounts Posts: 2,006 ✭✭✭


    Hi, I'm becoming a bit paranoid about banks being able to count properly and do right by their customers. Is there a formula for calculating the amount of tax relief at source I should be getting. Is it correct that this expires after 7 years? I am moving into year 5 of my mortgage in April. I know the rate, term, principal if anyone can provide a formula. Thanks


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