Mortgage Interest Relief at Source

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Mortgage Interest Relief at Source

Also called MIRAS. A former benefit in the United Kingdom in which individuals could take a tax deduction for the interest paid on mortgages up to 30,000 pounds (25,000 pounds before 1983). It was instituted to encourage home ownership. MIRAS was established in 1969 and eliminated in 2000.
References in periodicals archive ?
The estimated suggested retail value of MIRAS products are as follows: $1,195 for the MIRAS vehicle tracking unit, $195 for the MIRAS Lite Software, and $25 for each county map.
This service is available for commercial customers today, and a web browser version of MIRAS Lite will be available for consumers later this summer.
MIRAS CommServ also permits the networking of the MIRAS software, allowing multiple dispatch attendants to monitor and manage fleet or container movement, as well as theft prevention and recovery of consumer vehicles.