Written answers
Tuesday, 19 July 2011
Department of Finance
Tax Reliefs
10:00 pm
Eric Byrne (Dublin South Central, Labour)
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Question 91: To ask the Minister for Finance the cost of tax relief that was provided in respect of mortgage interest on principal private residences in 2009 and 2010; and the estimated cost for 2011. [20817/11]
Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the cost to the Exchequer of mortgage interest relief for principal private residences by way of tax relief at source (TRS) in 2009 and 2010 was €486 million and €375 million respectively. The cost for the full year of 2011 is provisionally estimated at €400 million.
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