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mortgage interest

См. также в других словарях:

  • Mortgage Interest — The interest charged on a loan used to purchase a residence. Mortgage interest is charged for both primary and secondary loans, home equity loans, lines of credit, and as long as the residence is used to secure the loan. Mortgage interest is… …   Investment dictionary

  • Mortgage Interest Relief At Source — Mortgage Interest Relief at Source, or MIRAS, was a scheme introduced in the United Kingdom by Chancellor of the Exchequer Roy Jenkins in 1969 [1] in a bid to encourage home ownership; it allowed borrowers tax relief for interest payments on… …   Wikipedia

  • mortgage interest tax relief at source — ➔ MIRAS …   Financial and business terms

  • Mortgage Interest Deduction — A common itemized deduction that allows homeowners to deduct the interest they pay on any loan used to build, purchase or make improvements upon their residence. The mortgage interest deduction can also be taken on loans for second homes and… …   Investment dictionary

  • mortgage interest relief — /ˌmɔ:gɪdʒ ɪntrəst rɪˌli:f/ noun a tax benefit which allows people to pay no tax on mortgage interest payments up to a certain level …   Dictionary of banking and finance

  • mortgage interest relief at source — ( MIRAS) A tax subsidy for individuals with mortgages. 10% of the interest on the first £30,000 of a mortgage is eligible for tax relief. For example, if a mortgage of £30,000 incurred £3,500 of interest in the year, the individual paying the… …   Financial and business terms

  • mortgage interest relief at source — /ˌmɔ:gɪdʒ ˌɪntrəst rɪˌli:f ət sɔ:s/ noun a scheme by which the borrower may repay interest on a mortgage less the standard rate tax which he or she would otherwise have to pay on it (i.e. he or she does not pay the full interest and then reclaim… …   Dictionary of banking and finance

  • mortgage interest deduction — A federal tax deduction for interest paid on a mortgage used to acquire, construct, or improve a residence. Bloomberg Financial Dictionary …   Financial and business terms

  • Home mortgage interest deduction — Taxation An aspect of fiscal policy …   Wikipedia

  • Form 8396: Mortgage Interest Credit — A tax form distributed by the Internal Revenue Service (IRS) and used by filers seeking to claim mortgage interest credit on their tax return. In order to claim a mortgage credit, the taxpayer must first have obtained a Mortgage Credit… …   Investment dictionary

  • mortgage interest relief at source — MIRAS Formerly, an arrangement allowing income tax relief to be given to a mortgagor on the first £30,000 of a loan taken out to purchase a main residence. Introduced in 1982 to encourage home ownership, it was progressively restricted from 1994… …   Accounting dictionary

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