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mortgage tax relief

См. также в других словарях:

  • tax relief — ➔ relief * * * tax relief UK US noun [U] TAX, FINANCE, ACCOUNTING ► a reduction in the amount of tax that has to be paid: tax relief on sth »Companies can claim tax relief on donations to charity. qualify/be eligible for tax relief »Investors are …   Financial and business terms

  • 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 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

  • tax relief — N UNCOUNT Tax relief is a reduction in the amount of tax that a person or company has to pay, for example because of expenses associated with their business or property. ...mortgage interest tax relief …   English 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

  • 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. MIRAS was progressively restricted from 1994 and abolished in 2000 …   Big dictionary of business and management

  • 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 — /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

  • relief — re‧lief [rɪˈliːf] noun 1. [uncountable] when a bad situation is reduced or stops for a time: • Any sign of relief from price pressures will be welcome news for the economy. 2. money, food, clothes etc given to people who are poor or hungry: • a… …   Financial and business terms

  • Mortgage Forgiveness Debt Relief Act of 2007 — The Mortgage Forgiveness Debt Relief Act was introduced in Congress on September 25, 2007, and became law on December 20, 2007. This act offered relief to homeowners who would formerly owe taxes on forgiven mortgage debt after facing foreclosure …   Wikipedia

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