John F. Loughrey & Associates Ltd. t/a The Mortgage Centre is regulated by the Central Bank of Ireland.
Tax relief is normally available in respect of interest paid on a loan acquired and used for the purchase, repair or improvement of a sole or main residence. Relief is granted at the standard rate of tax.
Who can Claim?
An individual who pays interest on a loan used:
a) to purchase, repair, develop or improve a qualifying residence
or
b) to pay off another loan used for that purpose.
Note: Expenditure on furniture and removable fittings are not allowable (e.g. light fittings, curtains, drapes and carpets).
For more information on Interest Relief contact one of our Qualified Financial AdvisorsMeet the leaders in independent mortgage advice.
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