What does mortgage interest relief at source mean?
Definitions for mortgage interest relief at source
mort·gage in·ter·est re·lief at source
This dictionary definitions page includes all the possible meanings, example usage and translations of the word mortgage interest relief at source.
Wikipedia
Mortgage interest relief at source
Mortgage interest relief at source, or MIRAS, was a scheme introduced in the United Kingdom from 1983 in a bid to encourage home ownership; it allowed borrowers tax relief for interest payments on their mortgage. In the 1983 Budget Geoffrey Howe raised the tax allowance from £25,000 to £30,000. Unmarried couples with joint mortgages could pool their allowances to £60,000, a provision known as Multiple Mortgage Tax Relief. This remained in place until the 1988 Budget, when Nigel Lawson ended the option to pool allowances from August 1988. Lawson later publicly expressed regret at not having implemented the change with effect from the time of the budget, as it is generally accepted that the rush to beat the deadline fuelled a sharp increase in house prices.MIRAS was completely abolished in April 2000 by Gordon Brown, who argued it had become a middle class perk.Receiving MIRAS was one of the justifications given by mortgage advisers when selling endowment mortgages.There is a similar scheme in Ireland, although not available for mortgages drawn down after 2013.
Numerology
Chaldean Numerology
The numerical value of mortgage interest relief at source in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of mortgage interest relief at source in Pythagorean Numerology is: 2
Translation
Find a translation for the mortgage interest relief at source definition in other languages:
Select another language:
- - Select -
- 简体中文 (Chinese - Simplified)
- 繁體中文 (Chinese - Traditional)
- Español (Spanish)
- Esperanto (Esperanto)
- 日本語 (Japanese)
- Português (Portuguese)
- Deutsch (German)
- العربية (Arabic)
- Français (French)
- Русский (Russian)
- ಕನ್ನಡ (Kannada)
- 한국어 (Korean)
- עברית (Hebrew)
- Gaeilge (Irish)
- Українська (Ukrainian)
- اردو (Urdu)
- Magyar (Hungarian)
- मानक हिन्दी (Hindi)
- Indonesia (Indonesian)
- Italiano (Italian)
- தமிழ் (Tamil)
- Türkçe (Turkish)
- తెలుగు (Telugu)
- ภาษาไทย (Thai)
- Tiếng Việt (Vietnamese)
- Čeština (Czech)
- Polski (Polish)
- Bahasa Indonesia (Indonesian)
- Românește (Romanian)
- Nederlands (Dutch)
- Ελληνικά (Greek)
- Latinum (Latin)
- Svenska (Swedish)
- Dansk (Danish)
- Suomi (Finnish)
- فارسی (Persian)
- ייִדיש (Yiddish)
- հայերեն (Armenian)
- Norsk (Norwegian)
- English (English)
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Citation
Use the citation below to add this definition to your bibliography:
Style:MLAChicagoAPA
"mortgage interest relief at source." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/mortgage+interest+relief+at+source>.
Discuss these mortgage interest relief at source definitions with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In