Mortgage Relief
Mortgage interest relief is a tax relief based on the amount of mortgage interest that you pay in a given tax year for your principal private residence (your home).
Mortgage interest relief is administered via Tax Relief at Source (TRS). This means that your mortgage lender gives you the benefit of tax relief on the amount of mortgage interest paid. They do this by reducing your mortgage repayment by the amount of tax relief you are entitled to in each tax year. Your mortgage lender then claims this tax relief from the Revenue Commissioners. Any amendments in this tax relief - for example, if there is a change in interest rates - are made automatically by your lender on behalf of the Revenue Commissioners.