Written answers
Tuesday, 30 September 2025
Department of Transport, Tourism and Sport
Departmental Data
Naoise Ó Muirí (Dublin Bay North, Fine Gael)
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330. To ask the Minister for Finance the take-up of the mortgage relief scheme in budget 2025; the average value of the relief paid; and if any provision has been made for renewing it for a further year. [51917/25]
Paschal Donohoe (Dublin Central, Fine Gael)
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Finance Act 2023 introduced the Mortgage Interest Tax Relief (MITR). The MITR was originally made available for the 2023 year of assessment. However, announced as part of Budget 2025, and as provided for in Finance Act 2024, it was extended to include the year 2024.
The relief is available to homeowners with an outstanding mortgage balance between €80,000 and €500,000 as of 31 December 2022. The relief extends to a qualifying property located in the State which is the sole or main residence of the individual’s former or separated spouse or civil partner or a dependent relative. Furthermore, the taxpayer must be compliant with Local Property Tax requirements.
The relief is available in respect of the increase in interest paid in 2023 over interest paid in 2022. It is also available in respect of the increase in interest paid in 2024 over interest paid in 2022. The amount qualifying for relief at the standard rate of tax (20%) is capped at €6,250 per property. This is equivalent to a maximum tax credit of €1,250 per property per annum.
Revenue publishes the number of taxpayer units who have benefitted from the MITR, as well as the tax cost to the exchequer, in their Cost of Tax Expenditures publication. This document provides this information for the latest year available for a wide range of tax credits and reliefs and is available on the Revenue website at .
Currently, 2023 is the latest year for which data is available, as the 2024 Form 11 filing deadline for self-assessed taxpayers has not yet passed. As shown, the number of taxpayer units who benefitted from the MITR in 2023 was 52,320, and the cost was estimated at €35.4 million, resulting in an average benefit of €675 for those taxpayer units who benefitted from this tax credit.
Finally, and as the Deputy will appreciate, decisions regarding taxation measures are normally made in the context of the annual Budget and Finance Bill processes, at the appropriate time, and having regard to the sound management of the public finances. It is a longstanding practice of the Minister for Finance not to comment in advance of the Budget on any tax matters which might be the subject of Budget decisions.
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