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.
Mortgage Interest Relief At Source. System of tax relief on property purchase borrowing, whereby repayments to the lender are paid net of tax on the interest on the loan. The lender then reclaims the relevant sum from the Revenue.
Tax relief on your UK mortgage. MIRAS ended in April 2000.
Acronym for Mortgage Interest Relief At Source. You receive 10% tax relief on the interest on loans up to £30,000. Payments made to the lender are net of this tax relief.
Mortgage Interest Relief At Source was the tax relief on mortgage interest payments, but has now been abolished.
Mortgage Interest Relief at Source, this was the tax relief permitted on mortgage interest payments. The value of this benefit was gradually reduced over a number of years and was eventually abolished for both new and existing mortgages in April 2000.
An old government scheme that provided tax relief for mortgage holders. MIRAS was abolished in April 2000.
Mortgage interest relief at source. This was tax relief on your mortgage but was abolished by the government with effect from April 2000.
Acronym standing for Mortgage Interest Relief At Source, a tax relief scheme that expired on 1st April 2000.
Mortgage Interest Relief at Source. The mortgage lender will reduce the monthly payment required from a borrower by the amount of tax relief applicable to the interest on the loan. The lender can claim the balance from the Inland Revenue.
Mortgage Interest Relief at Source. This is tax relief on your mortgage interest payments. At the moment this is 15% on the first £30,000 of the loan (based on current tax law). This helps to reduce the cost of your monthly repayments.
See Mortgage Interest Relief At Source.
Acronym for Mortgage Interest Relief At Source. Abolished from 6 April 2000.
This was withdrawn in April 2000 and stood for mortgage interest relief at source. It meant borrowers paid interest net of tax relief to the lender.
Mortgage Interest Relief at Source. Until 6.4.2000 all mortgages granted for the purpose of purchasing a main residence were normally eligible for mortgage interest relief at source (MIRAS), for the first £30,000 of the loan. This benefit was withdrawn completely from 6.4.2000. (See also TAX RELIEF)
Mortgage Interest Relief at Source. Introduced in 1983, qualifying borrowers paid interest net of tax relief to the Lender. The Inland Revenue paid the relief due on the loan to the Lender. MIRAS was withdrawn in April 2000.