L Leitz Registered User Messages 35 5 Sep 2008 #1 If one has mortgage for their home and is receiving TRS relief and then takes out 7 year loan to improve inside of house, can one claim separate TRS on this separate loan?
If one has mortgage for their home and is receiving TRS relief and then takes out 7 year loan to improve inside of house, can one claim separate TRS on this separate loan?
C ClubMan Registered User Messages 52,052 5 Sep 2008 #2 Not separate but you can claim relief on the original mortgage and the topup used to improve the property up to the normal limits.
Not separate but you can claim relief on the original mortgage and the topup used to improve the property up to the normal limits.
C ClubMan Registered User Messages 52,052 5 Sep 2008 #3 Yes. Just update Revenue with the details of the altered loan situation. Use the TRS1P form: Tax Relief at Source (TRS)
Yes. Just update Revenue with the details of the altered loan situation. Use the TRS1P form: Tax Relief at Source (TRS)