Q: I work in NI and my wife does some occasional work also in NI, we have a euro mortgage. Are we entitled to claim mortgage interest relief?
A: Yes, according to the Irish Revenue website you can apply for Mortgage Interest Relief.
If you are living in the State and paying a mortgage to a qualifying lender in the State but working in Northern Ireland, you can claim mortgage interest relief in this country [Republic of Ireland], provided you have a PPS number. If you do not have a PPS number, you must apply for one from the Department of Social Protection. (Source: www.revenue.ie)
Q: I live in County Donegal. I have a sterling mortgage. Am I entitled to Mortgage Interest Relief in Ireland? I have lived here since 2001, can it be back dated?
A: Yes, according to the Irish Revenue website you can apply for tax relief. However, such loans in UK currency, are not eligible for relief through the Tax Relief at Source Scheme but may be eligible for relief from your Local Inspectors Office. Valid claims can be backdated up to four years. (Source: www.revenue.ie)
You should contact your Local Inspectors Office
for further information.
