[mariosParticipant]

Can anyone point me to some information on this I believe it is still in force at a rate of 15% but can’t find any concrete info regarding the rules around it,we are due to move to Spain within 2 years and currently have a spanish mortgage so any little crumb will be gladly received.

PS I know there is talk on re abolishing it again.

[ChoperaParticipant]

You can still claim tax back on mortgage repayments for properties bought before 1st Jan 2013. The limit for each working person is about €9k so at most a couple could pay off €18k and claim 15% tax relief (€2700) each year. You need to be resident and you claim the rebate when you fill in your tax return (you shouldn’t hang around as there is a relatively tight deadline). It sounds like it might be worth taking a repayment holiday on your mortgage (if possible) and then paying it off while you are resident.

[mariosParticipant]

@chopera wrote:

You can still claim tax back on mortgage repayments for properties bought before 1st Jan 2013. The limit for each working person is about €9k so at most a couple could pay off €18k and claim 15% tax relief (€2700) each year. You need to be resident and you claim the rebate when you fill in your tax return (you shouldn’t hang around as there is a relatively tight deadline). It sounds like it might be worth taking a repayment holiday on your mortgage (if possible) and then paying it off while you are resident.

Thanks Chopera

Is there a limit on your income before you can claim ie if your income is over a maximum or doesn’t it matter,also not quite sure what you mean by taking a repayment holiday etc,aslo we can’t move for about 2 years.

[Author]

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