Finance Act 2008

Amendment of section 244 (relief for interest paid on certain home loans) of Principal Act.

7.— As respects the year of assessment 2008 and subsequent years of assessment, section 244 of the Principal Act is amended in the definition of “relievable interest” in subsection (1)(a)—

(a) by substituting “€20,000” for “€16,000” (inserted by the Finance Act 2007 ), and

(b) by substituting “€10,000” for “€8,000” (inserted by the Finance Act 2007 ).