Revenue E-Brief

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Revenue E-Brief Issue 26/2015, 13 February 2015

Relief for interest paid on certain home loans - Sections 244, 244A and 245 TCA 1997

Provisions governing the availability of mortgage interest relief are set out in sections 244, 244A and 245 of the Taxes Consolidation Act 1997.

Tax and Duty Manual Part 08.03.08 has been updated to reflect changes to these provisions arising from Finance Act 2013 and Finance Act 2014.

Section 9 of Finance Act 2013 provides for limited extension of entitlement to mortgage interest relief, in respect of certain loans taken out in 2012 and 2013, for the tax years 2013 to 2017. Section 7 of Finance Act 2014 changed the definition of "qualifying residence" to include residences situated in European Economic Area (EEA) states.

13 February 2015