Tax relief for home mortgage interest (known as TRS) is now given at source by Irish Nationwide. The fastest way to claim interest relief on your home mortgage is to complete the application online via the Revenue website.

Effective 1 January 2008

• *(First Times Buyer’s status applies for the first year of the mortgage plus 6 subsequent years).
• Figures correct as at date of last budget 2007.

Tax relief is available at the standard rate of 20% and is deducted at source.
You may be entitled to interest relief in respect of a new mortgage, a top up loan, a home improvement loan, a re-mortgage or a consolidation of existing borrowing. It is sufficient for married couples to submit their details on the same online application. In all other cases of joint borrowings, each claimant should submit their details separately.

In order to apply for TRS you need your PPS number and your mortgage account number.
Click here to apply online http://www.irish-nationwide.com/pages/m_1_f_disclaimer.html

For further information please refer to the Tax relief at Source leaflet issued by the Revenue Commissioners and available from Irish Nationwide or log onto http://www.irish-nationwide.com/pages/m_1_f1_disclaimer.html. Enquiries in relation to Tax relief at source for mortgage interest should be made to:

TRS section
Collector-General
Sarsfield House
Limerick
Lo-call: 1890 463 626
Email: trsadmin@revenue.ie