Mortgage Interest Relief Data

Dáil Éireann Debate, Tuesday - 24 July 2018

Tuesday, 24 July 2018

Questions (297)

Michael McGrath

Question:

297. Deputy Michael McGrath asked the Minister for Finance the number of mortgage loans in receipt of mortgage interest relief for a principal dwelling; the number of persons benefitting from mortgage interest relief on their principal dwelling house mortgage; the projected cost of principal dwelling mortgage interest relief in 2018; and if he will make a statement on the matter. [34197/18]

Written answers

Minister for Finance

I am advised by the Revenue that the number of mortgage loans in receipt of mortgage interest relief under the provisions of Section 244 of the Taxes Consolidation Act 1997 is currently 277,387. The number of persons currently benefitting from mortgage interest relief is 406,021.

The estimated cost of Mortgage Interest Relief (MIR) in 2018 is €124m, while the projected cost of MIR in 2019 is €78m.