Mortgage Interest Relief (Tax Relief at Source - TRS)
Overview
Note
A new temporary Mortgage Interest Tax Credit was announced in Budget 2024. For further information, please see Mortgage Interest Tax Credit.
Mortgage Interest Relief was a tax relief on the interest you pay in a tax year on a qualifying mortgage loan taken out between:
- 1 January 2004
- and
- 31 December 2012.
It was possible to claim Mortgage Interest Relief on interest paid by you on a loan used to purchase, repair, develop or improve the home. The final year for which Mortgage Interest Relief was available to claim was 2020.
Due to the ‘4-year rule’, the final date for claiming Mortgage Interest Relief for year 2020 was 31 December 2024.
Next: What was a qualifying mortgage loan?