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Homeloan tax relief

  • 23-06-2016 01:46AM
    #1
    Registered Users, Registered Users 2 Posts: 2,496 ✭✭✭


    Hi, just wondering how I go about claiming tax relief on a homeloan. Applied and got it and am working through it at the moment. I'm trying to do as much of the work as I can myself to keep costs down and stretch it as far as I can. I won't be able to provide receipts for a lot of labour so can I claim tax relief at the end of the year. I'm a paye worker by the way. Cheers in advance


Comments

  • Registered Users, Registered Users 2 Posts: 382 ✭✭garbeth


    Don't think you can anymore as it was phased out in 2013

    What is the position if I take out a loan in 2013 or later?
    Home Loans taken out in 2013 or later do not qualify for mortgage interest relief. Tax relief is available in respect of interest paid on a qualifying loan, taken out on or after 1 January 2004 and on or before 31 December 2012, which was used to purchase, repair or improve a qualifying residence. Taken out prior to 31 December 2012 means that the loan has been drawn down and used by you on the qualifying residence (e.g. purchase of site plus building costs) before that date.

    Have a look

    http://www.revenue.ie/en/tax/it/leaflets/tax-relief-source-mortgage-interest-relief.html#section4


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