Revenue computers 'need time to apply 30% mortgage interest relief'

The Finance Minister Michael Noonan is promising that a problem at the Revenue Commissioners in applying beefed-up mortgage interest relief for those who bought at the height of the boom will be sorted soon.

It emerged at the publication of the Finance Bill today that computer systems at Revenue are only allowing a rate of 25%t to be allowed and not the 30% relief announced on Budget day.