Ireland is reversing its 2009 policy that stopped
landlords from claiming full mortgage interest tax relief on their rental
income. Britain is introducing a similar policy in April next year. In his
Budget statement made last week, Ireland's minister for finance, Michael
Noonan, said landlords would be able to claim 80pc tax relief from next year,
up from a current level of 75pc. Tax relief will then increase by another five
percentage points each year until it reaches 100pc again. He said the policy
was introduced in 2009 to "rescue the public finances" and that a
housing crisis in Ireland made now an "appropriate time" to revisit
it. Read more on the Daily Telegraph website.
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