Maybe someone can clarify how this relief works. I see from the budget that the ceiling for a married couple is 20,000 Interest. However this is at a rate of 20% so I can conceivably get €4,000 relief.
At the present time I have payments approx. of 1,600 of which 1,200 is interest. This means that my interest for the year is 14,400. Is this the proper way that this works and if so then how do I maximise the benefits that I could receive (i.e. Increase the interest part of my mortgage for the first seven years as FTB). Any help is appreciated.
Regards
EoC
At the present time I have payments approx. of 1,600 of which 1,200 is interest. This means that my interest for the year is 14,400. Is this the proper way that this works and if so then how do I maximise the benefits that I could receive (i.e. Increase the interest part of my mortgage for the first seven years as FTB). Any help is appreciated.
Regards
EoC