TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Mortgage Interest Relief – Effects of Budget 2012 Measures

The Department of Finance have published on their website an analysis of the impact of the increase to the rate of mortgage interest relief for first-time buyers who purchased their home between 2004 and 2008. According to the document, the maximum gain will range between €450 and €2,000 per annum depending on when the loan was taken out and whether a single individual or married couple. The document also sets out the relief available for qualifying loans taken out in 2012.

The document is reproduced in full on here.