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 recent reductions in interest rates have helped to counteract any negative effects that the announcement on Miras might have had."
The benefits of MIRAS have been steadily eroded since 1994 under the former Conservative government.
MIRA TELECOM developed the program in collaboration with the Center for Surface Science and Nanotechnology, from Bucharest Polytechnica University, under the guidance of Prof.