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Mortgage Interest Relief

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  • 28-03-2011 8:13pm
    #1
    BONDIred
    Registered Users Posts: 129 ✭✭


    Im reading in some news websites that the TRS on mortgage interest is to cease from June 2011, does anyone know if this is defo happening, have the government commited to this?


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    #2
    loyatemu
    Registered Users Posts: 14,922 ✭✭✭✭loyatemu


    for new first time buyers, yes - its in the program for govt (the previous Govt. was planning to phase it out by end 2012)

    Anyone who is currently getting it will continue to get it until their relief term runs out.

    Estate Agents are complaining about it, but numerous economic reports during the boom years advocated abolishing it to help cool the market - naturally these were ignored by Goodtime Charlie and his fat successor.


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    #3
    gurramok
    Closed Accounts Posts: 13,992 ✭✭✭✭gurramok


    Its been extended to the end of the year, heard it on the radio news as they need to pass it in the Dail and apparently there is no time for it before June. :)


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    #4
    Rosen
    Registered Users Posts: 128 ✭✭Rosen


    Anyone know if it has been verified that interest relief is being extended to the end of 2011 rather than June? Thanks


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    #5
    gurramok
    Closed Accounts Posts: 13,992 ✭✭✭✭gurramok


    Rosen wrote: »
    Anyone know if it has been verified that interest relief is being extended to the end of 2011 rather than June? Thanks

    http://www.rte.ie/news/2011/0328/mortgage.html


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