Revenue eBrief No. 338/24
31 December 2024
Mortgage Interest Tax Credit
Tax and Duty Manual Part 15-01-11B – Mortgage Interest Tax Credit - has been updated to reflect the extension of the credit to the 2024 year of assessment, as provided for by Finance Act 2024.
The credit for 2024 will be calculated on the increase in interest paid in 2024 over interest paid in 2022 – subject to all conditions being met. The value of the credit and all qualifying conditions remain unchanged.
Definitions and examples throughout the manual have been updated to reflect the extension.