Tax relief at source query.

mathuna11

Would anybody have info on TRS. Have a mortgage with AIB and have only heard about this tax relief lately.

Spocker

Start here: https://www.citizensinformation.ie/en/housing/owning_a_home/buying_a_home/mortgage_interest_relief.html

mathuna11

Thanks.
Have read through that earlier. I have a mortgage since 2006 with aib. Ive never came across this tax relief on any mortgage statements or interest statements. Should I be looking into this I wonder?

veryangryman

mathuna11 wrote: »

Thanks.
Have read through that earlier. I have a mortgage since 2006 with aib. Ive never came across this tax relief on any mortgage statements or interest statements. Should I be looking into this I wonder?

AFAIK you need to sign up to it? Although its been a while since i did mine. Still, worth giving revenue a call 1890 46 36 26. Theyll set ye straight

mathuna11

Contacted revenue. They told me Ive never received any TRS. So there looking into it for me.

rameire

mathuna11 wrote: »

Contacted revenue. They told me Ive never received any TRS. So there looking into it for me.

Just so you know, it is a customer request that is required to start TRS on a mortgage, that request has to go to the Revenue.
Unfortunately it is not a task of the Bank.

if you were entitled to it, they will probably only give you back trs for this year and the preceding 4 years, unfortunately my belief is you will not get TRS refund all the way back to 2006.

mathuna11

Yes they informed me of that but said I can appeal it. A big mistake on my part. I wouldnt mind im self employed and my accountant never mentioned it to me and I was never aware of it an expensive mistake looks like. From 2006-2014 i paid approx 60k in interest.

Ace2007

mathuna11 wrote: »

Yes they informed me of that but said I can appeal it. A big mistake on my part. I wouldnt mind im self employed and my accountant never mentioned it to me and I was never aware of it an expensive mistake looks like. From 2006-2014 i paid approx 60k in interest.

You need a new accountant.