Michael McGrath (Cork South Central, Fianna Fail)
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153. To ask the Minister for Finance further to Parliamentary Question No. 112 of 27 May 2014, if he will address the points made in correspondence (detail supplied); and if he will make a statement on the matter. [24160/14]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by Revenue that the mortgage interest relief (MIR) 'guidance' referred to in the details supplied by the Deputy, predates the 2013 legislative changes made to Section 244 of the Taxes Consolidation Act 1997. As previously indicated, Section 9 of the 2013 Finance Act inserted  the conditions required to qualify for the relief beyond the 31 December 2012 deadline.

Specifically, Section 244 (7) was inserted to provide for MIR in respect of interest paid on a loan used to construct a home on a site, where the site was purchased by way of a loan during 2012. As confirmed to the Deputy in reply to his previous representation on the issue, the person did not purchase the site in question by way of a loan in 2012.

Also, Section 244 (8) was inserted to provide for MIR in respect of interest paid on a loan used to repair, develop or improve a home. It does not provide for such relief in respect of the construction of a home as is the situation in the case in question.