Written answers

Wednesday, 11 January 2012

8:00 pm

Photo of Clare DalyClare Daly (Dublin North, Socialist Party)
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Question 67: To ask the Minister for Finance if he will consider including among the beneficiaries of his decision in budget 2012 the extension of mortgage interest relief provision to all those first-time buyers who agreed the purchase of their first property in 2008, even if the transaction was completed in early 2009 (details supplied). [40969/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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As I stated in my Budget speech, the Government has now fulfilled its commitment contained in the Programme for Government to increase the rate of mortgage interest relief to 30 per cent for first-time buyers who took out their first mortgage in the period 2004 to 2008. The individuals in question do not qualify for the increased rate of mortgage interest relief, however, they should be able to avail of the existing rates which for them would be 25% for 2009 and 2010, 22.5% for 2011, 2012 and 2013 and 20% for 2014 and 2015.

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