Revenue eBrief No. 051/19
13 March 2019
Income tax implications for landlords with buy-to-let mortgages who receive tracker mortgage redress payments from lenders
Tax and Duty Manual Part 04-08-19, which deals with the income tax implications for landlords with buy-to-let mortgages who receive tracker mortgage redress payments from lenders, has been updated:
- to confirm that taxpayers who receive such payments do not have to file amended tax returns for the years to which the payments relate to take account of those payments
- to clarify the position for taxpayers whose mortgage accounts are corrected in a year prior to the year in which a redress payment is received.