Did not claim TRS

Stronge

Registered User
Messages
235
We were talking in general about TRS in the office today and one of the girls realised that she purchased her first home in 2005 and never claimed TRS. What is her position now can she start claiming at this point until 2017? Does she contact the Revenue or does she fill in the form on line. She is thrilled to think she might have a few bob coming her way!
 
Mortgage Interest Tax Relief at Source (TRS) can be claimed for the current year and up to four prior years. So she should make sure to apply straight away, so as she will get her refund for 2005.

Being a first time buyer she would be due relief for seven years, & depending on what way the Finance Bill pans out (as in if she is or will be in negative equity in 2011) she may or may not be covered by the new terms, but the important thing is that she acts swiftly before the end of December of this year.

She can't claim for backdated relief using the online form, but she can use this one:

[broken link removed]

Seeing as it's so late in the year I'd recommend that she send it by registered post, rather than Freepost, just to be double sure.