Burning The Tracker Holders

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90304653(Christine Lagarde and Enda Kenny at the G8 meeting in Fermanagh)

Do you know what have a tracker?

The IMF would like to remove your tax relief.

The idea is that savings from taking mortgage tax relief [about €1,200 per couple] off those on trackers would be used to subsidise the banks for the losses being made on these products, although how this would work is not fully explained in the IMF report.

 

It’s OK.

It would only affect around 500,000 mortgage holders.

Everyone stay cool.

Homeowners on trackers ‘should lose tax relief’ (Charlie Weston, Irish Independent)

(Laura Hutton/Photocall Ireland)