C
commuter2011
Guest
Hi all
Just have a quick query re Mortgage Interest Relief. Myself and the OH (both single) purchased a house in 2008 - both FTB's
In 2011 we paid approx 11K interest on the mortgage.
I believe we should be earning the max MIR i.e. 22.5 per cent up to a ceiling of €10K - total ceiling of 20K. On this basis should we have got back 22.5% of the 11K i.e. approx 2,475 or 206 per month.
I know if the interest rates changed we wouldn't have got the 206 each month but should the total received in the year total the 2,475?
Its gone up to 30% this year - so should have seen an increase in 2012 MIR? Haven't seen any increase as yet - are the banks slow to give this? Will it be backdated to January 2012?
Thanks for your help
Just have a quick query re Mortgage Interest Relief. Myself and the OH (both single) purchased a house in 2008 - both FTB's
In 2011 we paid approx 11K interest on the mortgage.
I believe we should be earning the max MIR i.e. 22.5 per cent up to a ceiling of €10K - total ceiling of 20K. On this basis should we have got back 22.5% of the 11K i.e. approx 2,475 or 206 per month.
I know if the interest rates changed we wouldn't have got the 206 each month but should the total received in the year total the 2,475?
Its gone up to 30% this year - so should have seen an increase in 2012 MIR? Haven't seen any increase as yet - are the banks slow to give this? Will it be backdated to January 2012?
Thanks for your help
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