Definitions for "MIRAS"
This stands for mortgage interest tax relief at source. It was income tax relief on mortgage interest paid (up to the limit allowed), and the mortgage repayments were reduced to allow for it.
ortgage nterest elief ource. Tax relief is deducted from interest payments on the first £30,000 of your mortgage. Phased out in April 2000.
Mortgage interest relief at source. This is tax relief allowed on mortgage payments. The tax relief is usually allowed at source. MIRAS is now at a relatively low level.
Microwave Imaging Radiometer with Aperture Synthesis (ESA)