Mortgage Interest Relief

Mortgage Interest Relief

The mortgage interest tax credit relief is available to taxpayers with mortgage balances of between €80,000 and €500,000 as of 31 December 2022. The credit is available for the 2023 tax year only and is based on the increase in interest paid in 2023 compared with the interest paid in 2022.

To qualify for this mortgage interest tax credit, you must meet certain conditions and claim the credit in your tax return for 2023.

  • You must have had an outstanding mortgage balance of between €80,000 and €500,000 on 31 December 2022.
  • The property should be your only residence or your main residence.
  • You must have paid interest on the loan in 2022 and 2023.
  • The amount of interest you paid on the loan in 2023 must have increased from what you paid in 2022.
  • Our local property tax must be up to date.

Example – Mortgage Interest Tax Credit

  • Barry’s 2023 mortgage interest paid €10,000
  • Barry’s 2022 mortgage interest paid €8,500
  • Mortgage Interest Tax Credit is 20% of €1,500 = €300

What documents do I need to claim the credit?

  • Your certificate of mortgage interest for 2022
  • Your certificate of mortgage interest for 2023
  • Confirmation of your mortgage balance at 31 December 2022.
  • Your Local Property Tax (LPT) ID number.

Irishtaxback.ie will be happy to assist you on your mortgage relief application.

No Refund, No Fee - Straightforward as that!

PAYE individuals in receipt of PAYE income only, can avail of our ‘No Refund -No Fee’ policy. If you are due a tax refund our fee will be 10% plus VAT of any tax refund due to you and remember, there is no upfront payment or minimum charges – our fee is only due when you receive your tax refund.