Wednesday September 23, 2020

How the other measures will affect you

The Minister for Finance announced in the budget that mortgage interest relief would be discontinued for any mortgage over seven years old from May 1.

11th April, 2009

The Minister for Finance announced in the budget that mortgage interest relief would be discontinued for any mortgage over seven years old from May 1.Theminister also said that the Commission for Taxation, which is due to report later in the year, could decide to abolish the tax break entirely.

Any person who buys a property for owner-occupancy will receive tax relief on monthly mortgage repayments for only the first seven years of their mortgage, rather...

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