Irish Mortgage Interest Relief and tax relief

Irish Mortgage Interest Relief

Mortgage Interest Relief is available on a monthly basis as follows:

First Time Buyers
Year 1 & 2 Single € 208.33
€10,000«25% divided by 12
Year 1 & 2 Married €416.66
€20,000«25% divided by 12
Year 3 – 5 Single €187.50
€10,000«22.5% divided by 12
Year 3 – 5 Married €375.00
€20,000«22.5% divided by 12
Year 6 – 7 Single €166.66
€10,000«20% divided by 12
Year 6 -7 Married €333.33
€20,000«20% divided by 12