Richard Bruton (Dublin North Central, Fine Gael)
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Question 145: To ask the Minister for Finance the estimate of extra revenues from abolishing residential mortgage interest relief in 2010 to all new entrants. [42545/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The position is that the yield from the abolition of mortgage interest relief for residences purchased in 2010 would be dependant on a number of inter-related factors such as the level of house purchasing, house prices, availability of credit and prevailing interest rates in 2010. In the current circumstances, it is not possible to predict these factors accurately enough to provide a reliable potential yield figure.