Hi,
I've looked at other threads and the revenue site, but am still confused.
We bought our first house in 2002 when we were single. We married in 2005 and bought a new house in 2006 (sold the old one)..
With regard to Tax relief on the interest payable - should we still be treated as First time buyers as we are still within the 7 year time frame i.e. with an upper limit of €16K
or are we treated as 'others' with a reduced limit of €6K.
We have just switched our mortgage and the interest payable for the first year is €8,540, which the bank have calculated the tax relief at source to be €92.36 per month over 11 months.
Thanks in advance.
I've looked at other threads and the revenue site, but am still confused.
We bought our first house in 2002 when we were single. We married in 2005 and bought a new house in 2006 (sold the old one)..
With regard to Tax relief on the interest payable - should we still be treated as First time buyers as we are still within the 7 year time frame i.e. with an upper limit of €16K
or are we treated as 'others' with a reduced limit of €6K.
We have just switched our mortgage and the interest payable for the first year is €8,540, which the bank have calculated the tax relief at source to be €92.36 per month over 11 months.
Thanks in advance.