tax relief on mortgage

E

enorc

Guest
I have my mortgage about 8 months now and every time a payment was taken out of my account the tax relief at source was lodged. Up to two months ago this was €114. For the last two months though it has dropped to €66. Can anyone explain this change in tax relief?
 
See [broken link removed]. Not sure why it would have fluctuated like that unless the amount of interest that you paid fluctuated or tax relief was backdated or something like that?
 
The relief due in the first year of your mortgage was prorated over the 6 or so months you held it in 2004. Now in 2005 they are applying the relief over a full 12 month year i.e.

114*6/12=57pm rough calc
 
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