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Mortgage TRS relief

Gegerty · 2006-02-28 14:36:22

How can I check if I am getting the correct TRS relief on my mortgage? I expected that the relief would increase with the increase in interest rates. Is there any online calculator or something similar?

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28-02-2006 3:36pm

#1

Gegerty

Closed Accounts Posts: 900 ✭✭✭

Join Date: March 2005

Posts: 837

How can I check if I am getting the correct TRS relief on my mortgage? I expected that the relief would increase with the increase in interest rates. Is there any online calculator or something similar?

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#2 28-02-2006 5:24pm
kluivert

Registered Users Posts: 2,399 ✭✭✭

Join Date: June 2005

Posts: 2176

True but the Revenue are cute too and cap most reliefs such as this one to a maxmimum limit.

In 2005 the limits are as follows: Please check as the memory is not what it use to be:

These figure are the max @ standard rate ok

Single Person - 1st Time Buyers €4000 - Other €2540.

Married/Widowed - 1st Time Buyers €8000 - Other €5080.

I am guessing you are not seeing a rise due to the fact that you maybe at or above the limit as it is.

I hope that helps.

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#3 28-02-2006 6:03pm
Gegerty

Closed Accounts Posts: 900 ✭✭✭

Join Date: March 2005

Posts: 837

thanks yeah that would explain it.

TRS Relief

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