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Amendment of section 244 (relief for interest paid on certain home loans) of Principal Act.
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9.—(1) Section 244(1)(a) of the Principal Act is amended, in the definition of “relievable interest”, by substituting—
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(a) “7 years” for “5 years”,
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(b) “€8,000” for “€6,350”, and
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(c) “€4,000” for “€3,175”.
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(2) Subsection (1) shall not apply to an individual for whom the fifth year of assessment for which he or she had an entitlement to relief under section 244 of the Principal Act in respect of a qualifying loan (within the meaning of that section) was prior to the year of assessment 2002.
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