nouna scheme by which the borrower may repay interest on a mortgage less the standard rate tax which he or she would otherwise have to pay on it, i.e. he or she does not pay the full interest and then reclaim the tax.AbbreviationMIRAS
Related information about mortgage interest relief at source:
- Mortgage interest relief at source - Wikipedia, the free encyclopedia
Mortgage interest relief at source, or MIRAS, was a scheme introduced in the United Kingdom by Chancellor of the Exchequer Roy Jenkins in 1969 in a bid to ...
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Also called MIRAS. A former program in the United Kingdom that provided a tax benefit for a portion of the interest paid on a mortgage. It was instituted to ...
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Before the introduction of the mortgage interest relief at source scheme, people who did not pay income tax obtained a similar reduction in their interest ...
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Definition of mortgage interest relief at source: nouna scheme by which the borrower may repay interest on a mortgage less the standard rate tax which he or ...
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mortgage interest relief at source : The UK mechanism by which income tax relief was extended to a borrower on the interest paid on the first £30000 of a ...
- S.I. No. 424/2011 — Mortgage Interest (Relief at Source ...
Notice of the making of this Statutory Instrument was published in. “Iris Oifigiúil” of 12th August, 2011. The Revenue Commissioners, in exercise of the powers ...
- S.I. No. 558/2001 — Mortgage Interest (Relief At Source ...
The Revenue Commissioners, in exercise of the powers conferred on them by section 244A of the Taxes Consolidation Act, 1997 (No. 39 of 1997), hereby make ...
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Mar 1, 2012 ... If you took out your 1st mortgage between 2004 & 2008, you probably know by now that mortgage interest relief at source is being double from ...