Tax Relief
Tax Relief is available on a monthly basis as follows:

Rate of Mortgage Interest Relief
	First Time Buyers	Non-First Time Buyers
Single Person	€10,000
Married/Widowed	€20,000

If you have received Mortgage Interest Relief for more than 7 years on the same loan/property, you are no longer entitled to trs with effect from 1st May 2009.

If you are a non First Time Buyer and have taken out a NEW loan (not a Switcher Loan) or Top Up, you are entitled to mortgage interest relief at a rate of 15% for 7 years from the date of first repayment on that loan.

For more information, please visit The Irish Revenue web site: www.revenue.ie

Revenue clarification of the position regarding Mortgage Interest Relief
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Stamp Duty
Section 92B of the Stamp Duties Consolidation Act 1999 provides for an exemption from stamp duty for first time buyers of residential property.

Rates of duty for deeds executed on or after 5 November 2007
Aggregate Consideration exceeds €127,000*	Rates
First €125,000	Nil
Next €875,000	7%
Excess over €1,000,000	9%

For more information, please visit The Irish Revenue web site: www.revenue.ie

Capital Gains Tax
Capital Gains Tax is charged at a rate of 20% on any profit gained from the sale of a commercial or investment property.
This however is not payable when you sell your principal private residence.

Check with your own tax advisor on your own personal position.

 To find out more please contact a Moneycare Advisor today.