Budget 2012 in December 2011 saw increases announced to the rate of Mortgage Interest Relief (also known as TRS) for some home owners. But problems updating computer systems has resulted in delays to the changes. The Budget 2012 TRS Changes meant that over 250,000 people should get a new rate of TRS of 30 per […]
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Mortgage Interest Relief
Mortgage Interest Relief – TRS – Budget 2012 Changes
Mortgage Interest Relief – – Budget 2012 (also known as TRS – Tax Relief at Source) Prior to Budget 2012 – there were plans to cut the rates of Mortgage Interest Relief from January 2012 – but this has now been cancelled. TRS will not be awarded on any loans taken out after 31st Dec […]
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Good News on Interest Rate Cuts Expected Today
Homeowners with mortgages had some good news in the recent Budget – with increases to Mortgage Interest Relief for thousands of people. There was of course some bad news – such as confirmation of €100 a year Household Charge to be paid by all home owners. Today – there might be some better news for […]
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Summary of Budget 2012 Taxation Changes
December 6th 2011 – Day Two of Budget 2012 – Taxation These are the main points of the second day of Budget 2012 This article will be updated as the details are announced. Income Tax – No Increases , No Changes to Tax Bands or Tax Credits Universal Social Charge – From January 1st the […]
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Mortgage Interest Supplement – Cut in Budget 2012
In Budget 2012 – the goverment announced two changes to Mortgage Interest Supplement . Firstly – the minimum contribution for the purposes of the Mortgage Interest Supplement is being increased by €6 to €30 per week for a single person. The minimum contribution payable by couples will be €35 per week increased by €12 from […]
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