Written answers

Monday, 11 September 2017

Department of Finance

Mortgage Interest Relief Data

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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234. To ask the Minister for Finance the number of the 419,400 mortgages in receipt of mortgage interest relief that are in the 2004 to 2008 30% cohort and in the 2009 to 2012 15% cohort; and if he will make a statement on the matter. [39014/17]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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235. To ask the Minister for Finance the number of couples in receipt of the higher ceilings of the 2004 to 2008 30% cohort in receipt of mortgage interest relief; the number that are single persons in receipt of lower ceilings; if he will provide the same data for the 2009 to 2012 15% cohort; and if he will make a statement on the matter. [39015/17]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I propose to take Questions Nos. 234 and 235 together.

I am informed by Revenue that the following tables set out the number of loans qualifying for mortgage interest relief (MIR) broken down by rate and ceiling of relief.

The data are based on the numbers of loans qualifying for relief as at 31 December 2016. As is apparent from the tables, the vast majority of relief is now granted at the 15% and 30% rates of relief and at the lower €3,000 and €6,000 ceilings.

A breakdown by numbers of individuals/couples at the various rates and ceilings of relief is not available due to the manner in which the data are returned to Revenue.

Distribution of Loans by Rate

RateNumber of Loans
15%130,033
20%12,982
22.5%1,852
25%11
30%147,570
TOTAL292,448

Distribution of Loans by Ceiling

CeilingNumber of Loans
3,000125,101
6,000150,808
10,0009,145
20,0007,394
TOTAL292,448

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