Mortgage Interest Tax Credit

Qualifying conditions

The Mortgage Interest Tax Credit is available to individuals who:

  • had a qualifying loan in the years 2022 and 2023
  • had the interest on the qualifying loan increased from 2022 to 2023
  • and
  • on 31 December 2022, had an outstanding loan balance of between €80,000 and €500,000.

You can only apply for the Mortgage Interest Tax Credit if the property was:

  • your principal private residence for 2023
  • the principal private residence of a dependent relative
  • or
  • the residence of a spouse which they used to attend their employment.

You cannot claim the Mortgage Interest Relief tax credit if the property is not a qualifying property.

Your property does not qualify for the credit if it is:

  • a residential property not compliant with Local Property Tax (LPT) obligations
  • a residential property not compliant with planning permissions
  • or
  • a residential property acquired from a connected party where the purchase price substantially exceeded the property value.

Next: How much can you claim?