Mortgage Interest Tax Credit

Interest paid for less than a full year

If you paid interest for less than a full year in 2022 or 2023, the relief due will be prorated. This means that the maximum relievable interest of €6,250, and the maximum tax credit of €1,250, will be adjusted to reflect the shorter timeframe. 

Revenue systems will calculate the relief due to you when you have provided the relevant information.

For the formula used to adjust the relievable interest, please see Tax and Duty Manual part 15-01-11B

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