You might have heard a friend or even a neighbor talking about their mortgage company paying their tax relief at source. You might be asking yourself what that is. There are various mortgages that qualify and this relief can be a great benefit for the mortgage holder. This article will give you some information on just what tax relief at source exactly is.
What is a tax relief at source?
Tax relief at source is a tax relief which is paid by your mortgage provider. The relief is based on the interest paid on any qualifying mortgages. These can include mortgages for a new home, loans for improving your home and consolidations of existing loans. Those who are eligible for this relief no longer have to wait until the end of the year to claim the tax credit. Since January 2002, the relief will be paid by the mortgage provider.
How to apply for tax relief at source?
You can only apply for tax relief at source online. If, for any reason, you cannot...
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