Tax relief on a mortgage of €900 per month as a first time buyer? (in higer bracket)

[JohnJay]

sorry for being dumb on these things, but what relief would I get on a mortgage of 900 per month as a first time buyer? I'm in the higher tax bracket....

Thanks

J

 

[ClubMan]

Re: Mortgage relief question - hopefully this is the correct place to post

The maximum relief is outlined [broken link removed].

Plug your mortgage amount, term and rate into Karl Jeacle's mortgage calculator to estimate the annual interest costs and then work out how much qualifies for relief. It's impossible to tell based on your monthly repayment alone.

Mortgage interest relief is at standard rate (20%) so the fact that you pay 41% is irrelevant.

 

[bleary]

Have a look at the following it has some good calculators including 1 option for tax relief after you calculate repayments
[broken link removed]