Mortgage Interest Tax Credit
Qualifying conditions
The Mortgage Interest Tax Credit is available to individuals who:
- had a qualifying loan in the years 2022 and 2023
- had the interest on the qualifying loan increased from 2022 to 2023
- and
- on 31 December 2022, had 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 2023
- 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?