- interest relief
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payments by way of interest may be deductible in computing a taxpayer's taxable income.
Collins dictionary of law. W. J. Stewart. 2001.
interest relief
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Mortgage Interest Relief At Source — Mortgage Interest Relief at Source, or MIRAS, was a scheme introduced in the United Kingdom by Chancellor of the Exchequer Roy Jenkins in 1969 [1] in a bid to encourage home ownership; it allowed borrowers tax relief for interest payments on… … Wikipedia
interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim … Law dictionary
mortgage interest relief at source — ( MIRAS) A tax subsidy for individuals with mortgages. 10% of the interest on the first £30,000 of a mortgage is eligible for tax relief. For example, if a mortgage of £30,000 incurred £3,500 of interest in the year, the individual paying the… … Financial and business terms
mortgage interest relief at source — /ˌmɔ:gɪdʒ ˌɪntrəst rɪˌli:f ət sɔ:s/ noun a scheme by which the borrower may repay interest on a mortgage less the standard rate tax which he or she would otherwise have to pay on it (i.e. he or she does not pay the full interest and then reclaim… … Dictionary of banking and finance
mortgage interest relief at source — MIRAS Formerly, an arrangement allowing income tax relief to be given to a mortgagor on the first £30,000 of a loan taken out to purchase a main residence. Introduced in 1982 to encourage home ownership, it was progressively restricted from 1994… … Accounting dictionary
mortgage interest relief at source — MIRAS Formerly, an arrangement allowing income tax relief to be given to a mortgagor on the first £30, 000 of a loan taken out to purchase a main residence. MIRAS was progressively restricted from 1994 and abolished in 2000 … Big dictionary of business and management
mortgage interest relief — /ˌmɔ:gɪdʒ ɪntrəst rɪˌli:f/ noun a tax benefit which allows people to pay no tax on mortgage interest payments up to a certain level … Dictionary of banking and finance
relief — noun 1 removal of anxiety/pain ADJECTIVE ▪ considerable, deep, enormous, great, huge, immense, intense, overwhelming, tremendous ▪ … Collocations dictionary
relief — re‧lief [rɪˈliːf] noun 1. [uncountable] when a bad situation is reduced or stops for a time: • Any sign of relief from price pressures will be welcome news for the economy. 2. money, food, clothes etc given to people who are poor or hungry: • a… … Financial and business terms
relief — relief1 reliefless, adj. /ri leef /, n. 1. alleviation, ease, or deliverance through the removal of pain, distress, oppression, etc. 2. a means or thing that relieves pain, distress, anxiety, etc. 3. money, food, or other help given to those in… … Universalium
