Mortgage Interest relief expiring?

[pennypincher]

I'm just wondering in relation to mortgage interest relief when does it expire.For example I bought a house in 2000 and sold and changed in 2004,I was exempt from stamp duty both times.Does this mean that this year i.e 7 years after first house bought my interest relief will expire?Do I need to tell revenue or do they tell me?

 

[CCOVICH]

You should ensure that you claim the correct amount, i.e. it is your responsibility. First time buyer relief lasts for the first 7 years.

 

[LDFerguson]

When your First Time Buyer tax relief expires at the end of seven years, you'll still get Tax Relief at Source, just a lower rate. See [broken link removed]

Liam D. Ferguson
www.ferga.com