Tip of the Day: Mortgage Interest Relief (MIR) is a reduction of the interest to be paid on housing mortgage loans owed by individuals, who are resident in Guyana to financial institutions or approved mortgage Finance Companies. The implementation of the Mortgage Interest Relief Provision will take effect from the Year of Assessment 2014, therefore, relief of thirty percent (30%) of the total mortgage interest commencing January 1, 2013 will be granted to First Time Home Owners who would have acquired mortgages on or before January 1, 2013.
Posted on: Thu, 03 Oct 2013 14:32:37 +0000