Hi All,
My wife bought an apartment in 2006 and has been receiving TRS but this has just decreased to the lower threshold of €3000 from the previous threshold of €10000. We got married last year and are wondering if I can apply my first time buyers status to the mortgage to get more TRS i.e. a limit of €6000?
We saw some online information that seemed to support this but we emailed the Revenue and they have not given us an exact answer or details of how we would go about applying for this.
Also, would this be a wise move for us because we would like to buy a house in a year or two and hopefully rent out the apartment she bought (there is negative equity so doesn't really make sense to us to sell it at such a loss).
Many Thanks
My wife bought an apartment in 2006 and has been receiving TRS but this has just decreased to the lower threshold of €3000 from the previous threshold of €10000. We got married last year and are wondering if I can apply my first time buyers status to the mortgage to get more TRS i.e. a limit of €6000?
We saw some online information that seemed to support this but we emailed the Revenue and they have not given us an exact answer or details of how we would go about applying for this.
Also, would this be a wise move for us because we would like to buy a house in a year or two and hopefully rent out the apartment she bought (there is negative equity so doesn't really make sense to us to sell it at such a loss).
Many Thanks