It has emerged that 57,000 people currently receiving mortgage interest relief will no longer be entitled to it from tomorrow.
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According to the Revenue Commissioners, as of the end of last year, there were 562,000 people receiving mortgage interest relief.
However the entitlement is to be suspended from 1 May for everyone except first-time buyers.
The move follows the announcement by the Government in it is supplementary Budget to limit mortgage interest relief to seven years.
Last night Opposition parties in the Dáil accused the Government of creating confusion over the issue.
Under the new system the tax relief on monthly mortgage interest payments will only apply for the first seven years after someone buys a property for use as their home.
According to the Revenue Commissioners, the move means mortgage interest relief will be suspended for 321,000 of the 562,000 people currently receiving the entitlement.
Of those, Revenue says 57,000 people will definitely no longer be entitled to it.
It says it is in the process of working with mortgage lenders in establishing who is and who is not entitled to the relief.
Mortgage holders who have the relief suspended but are entitled to continue to receive it will have it reactivated in June, all arrears included.
220,000 first time buyers will not be affected by tomorrow’s move and will continue to receive the entitlement.
