Mortgage Interest Tax Credit
Qualifying conditions
You may qualify for the Mortgage Interest Tax Credit if you had:
- a qualifying loan in the years 2022 and 2023 or 2024
- the interest on the qualifying loan increased from 2022 to 2023 or 2022 to 2024, as the case may be
- and
- on 31 December 2022, an outstanding loan balance of between €80,000 and €500,000.
You can only apply for the Mortgage Interest Tax Credit if the property was:
- your principal private residence for 2022 and for the year(s) the claim is being made
- the principal private residence of a dependent relative
- or
- the residence of a spouse which they used to attend their employment.
You cannot claim the Mortgage Interest Relief Tax Credit if the property is not a qualifying property.
Your property does not qualify for the credit if it is:
- a residential property not compliant with Local Property Tax (LPT) obligations
- a residential property not compliant with planning permissions
- or
- a residential property acquired from a connected party, where the purchase price substantially exceeded the property value.
Next: How much can you claim?