Over 225,500 home owners will see a jump in their mortgages from today if they had been qualifying for tax relief at source.
A spokesman for the Department said: “The relief has expired for mortgages taken out prior to 2004 and ceased for new borrowings from January 2013. Mr Hall said he hoped this was an oversight by the Department given thousands of people had lost their jobs during the pandemic and are uncertain about their future.He said the decision should be reversed and was a nail in the coffin to already vulnerable families.
The Finance department said The decision to abolish Mortgage Interest Relief was prompted by the view that relief effectively becomes priced-in to the purchase price of the property.Simply pop your e-mail into the box at the top of this article and get all the latest news and entertainment direct to you
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.