Dáil Éireann Debate, Tuesday - 23 October 2012
194. Deputy Kevin Humphreys asked the Minister for Finance the savings that would accrue in 2013 if mortgage interest relief was capped up to an earnings limit of either €80,000 or €100,000 respectively; and if he will make a statement on the matter. [46457/12]
View answerI am advised by the Revenue Commissioners that based on associating incomes and mortgage interest data for 2010, and applying derived ratios to the estimated cost of mortgage interest for 2012, the full year yield to the Exchequer of capping mortgage interest relief up to earning limits of €80,000 or €100,000 regardless of whether the qualifying loans were taken out by single individuals or couples is tentatively estimated to be of the order of €60 million and €30 million respectively.
