STOCK MARKET WATCH -- Wednesday, 8 February 2012

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42. Mortgage relief plan and executive tax breaks in Bill {ireland}

http://www.irishtimes.com/newspaper/breaking/2012/0208/breaking19.html

Tax incentives aimed at luring senior multinational executives to Ireland and increased mortgage relief for struggling homeowners are among the provisions included in the Finance Bill, which was published today.

Many of the measures included in the Bill were announced by Minister for Finance Michael Noonan when unveiling Budget 2012 in December. It is expected that the Bill will go through the Oireachtas in the coming weeks.

Among the provisions included in the Bill is an increase to 30 per cent in mortgage interest relief for first-time buyers who took out their mortgage in the years 2004 to 2008.

The Bill also makes provision for the Budget announcement that mortgage interest relief will be available at 25 per cent for first-time buyers who purchase property this year and at 15 per cent for non-first-time buyers who purchase a home next year.