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 final close of MSCIF Series 1 builds on the fundraising momentum experienced across the MIRA platform over the past five years, with more than 34 billion in new commitments raised from investors.
"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.
Matthew Banks, Global Head of Real Estate for MIRA, commented: With a strong track record in real estate funds management and capital transactions, Steven will be a valuable addition to the MIRA team as we continue to expand our global real estate platform.
Mira has also spent considerable time reviewing the Early Childhood Centres teaching and learning program.
MIRA TELECOM developed the program in collaboration with the Center for Surface Science and Nanotechnology, from Bucharest Polytechnica University, under the guidance of Prof.
MIGS will make capital commitments to MIRA-managed private regional infrastructure funds and may also invest along such funds or MIRA in discretionary direct investment opportunities.