Ireland
134,000 contacted over mortgage relief
Friday, 22 May 2009 16:08The Revenue Commissioners has begun writing to tens of thousands of homeowners whose mortgage interest relief has been stopped.
In the April Budget the tax relief was limited to homeowners in the first seven years of their loans.
Revenue is now asking 134,000 homeowners to clarify when their loans started to establish whether the relief still applies to them.
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Before last month's Budget around 560,000 people qualified for mortgage interest relief.
Half of those receiving it had the relief stopped, of these 154,000 have been deemed ineligible.
Homeowners who are in this category are asked to take no action until Revenue contacts them.
Homeowners will be able to update details on Revenue.ie or through their local tax office.
