Trs

R

Ronan

Guest
I am a FTB and my salary is 28K per annum. Therefore I am on the 20% rate of tax. How much TRS would I be entitled to? Also, if I was to get an increase in salary and be moved into the higher tax bracket, would I get more TRS or would it stay the same?

Any feedback appreciated.
 
The amount of relief is a function of the amount of interest you pay and subject to a cap of €4000/€8000 depending on whether you are single/married. The relief is only given at the standard rate (20%), so no change is you start paying at the higher rate. Therefore the max relief is €800/€1,600 p.a. See here:
 
For what it's worth there is some information about owner occupier mortgage interest tax relief, including an online form for claiming it, in [broken link removed].
 
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