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Mortgage-Tax relief at source

hawker · 2006-01-05 14:31:26

I recently remortgaged and I used the new mortgage to pay off my previous mortgage and also a few loans that I had. The new mortgage was for e100,000. I paid e50,000 from my previous mortgage and about e25,000 in various loans. The other e25,000 will be used to build a sun-room. On the Tax relief at source form they ask…

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05-01-2006 3:31pm

#1

hawker

Closed Accounts Posts: 500 ✭✭✭

Join Date: April 2005

Posts: 419

I recently remortgaged and I used the new mortgage to pay off my previous mortgage and also a few loans that I had.

The new mortgage was for e100,000. I paid e50,000 from my previous mortgage and about e25,000 in various loans. The other e25,000 will be used to build a sun-room.

On the Tax relief at source form they ask for the % of money used for house purposes only. If I happen to put down 75% will I only receive 75% of relief? Or if I happen to lie and put down 100% is it possible that Revenue will check it out with my bank?

Any help appreciated!

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