23rdbuchan
Registered User
- Messages
- 13
Hi All,
As a single person FTB I will be entitled to 25% of the first 10k interest, or about 208 euro per month initially.
If I buy a house as a FTB, and then at some point marry someone who is not a FTB and already used up their 7 years of FTB status for TRS, how is our TRS calculated?
Are we jointly assessed as FTB's and pull 416 euro per month (25% of 20000 pa)?
Or is it my 208 (25% of 10000) + her 37 (15% of 3000) giving a total TRS between us of 245 euro per month?
Who do you inform of your marital status change, etc., to benefit from the new status , whether it be a change to 416 a month or 245 a month?
Would I need to put my new wife's name on the mortgage/deeds in order to qualify, or how does it work?
Cheers
As a single person FTB I will be entitled to 25% of the first 10k interest, or about 208 euro per month initially.
If I buy a house as a FTB, and then at some point marry someone who is not a FTB and already used up their 7 years of FTB status for TRS, how is our TRS calculated?
Are we jointly assessed as FTB's and pull 416 euro per month (25% of 20000 pa)?
Or is it my 208 (25% of 10000) + her 37 (15% of 3000) giving a total TRS between us of 245 euro per month?
Who do you inform of your marital status change, etc., to benefit from the new status , whether it be a change to 416 a month or 245 a month?
Would I need to put my new wife's name on the mortgage/deeds in order to qualify, or how does it work?
Cheers