Written answers

Tuesday, 16 February 2010

9:00 pm

Photo of Róisín ShortallRóisín Shortall (Dublin North West, Labour)
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Question 200: To ask the Minister for Finance the number of outstanding claims for mortgage interest tax relief for top up mortgages; the time it will take for the computer delay in processing these application to be resolved; if mortgage types or tax credits are also affected; if so, the numbers involved; and if a budget has been set aside to provide a back payment to each of the qualifying home owners affected. [7761/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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I am informed by the Revenue Commissioners that approximately 2,700 customers, who appear to have taken out top up mortgages, have provided additional information required of them by Revenue. This information is being evaluated by Revenue to decide if there is in fact an entitlement to mortgage interest relief on those top ups. Revenue expects to be in a position during March to determine whether relief is due or not. Where it is decided that relief is due, Revenue will make arrangements for immediate payment, including any back payment that arises.

Tax Relief at Source is applied to all qualifying loans, as distinct from mortgage types, and tax credits are not affected.

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