understanding financial jargon
Mortgage Interest Relief at Source ( MIRAS )
A tax relief scheme introduced in 1983 which gave tax relief on interest paid to lenders was called Mortgage Interest Relief at Source. Qualifying borrowers paid interest net of tax relief to the lender, and the Inland Revenue paid the relief due on the loan to the lender. MIRAS was withdrawn in April 2000.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
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