Tuesday, 21 February 2012
Department of Finance
Patrick Nulty (Dublin West, Labour)
Question 178: To ask the Minister for Finance the cost to the Exchequer of increasing mortgage interest relief for persons who bought a house for the first time between the years 2004 and 2008 in the Finance Bill 2012; and if he will make a statement on the matter. [9654/12]
Michael Noonan (Minister, Department of Finance; Limerick City, Fine Gael)
The cost of increasing mortgage interest relief to 30 per cent for first-time buyers who took out their first mortgage in the period 2004 to 2008 is estimated at €52 million in a full year which was stated in the Budget 2012 Booklet. This information is available, along with all other Budget 2012 taxation measures, on my Department’s website at www.finance.gov.ie.