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Chancellor expected to ditch MIRAS

Chancellor of the Exchequer Gordon Brown is widely expected to ditch Mortgage Interest Relief at Source in today&#39s Budget.


MIRAS offers homebuyers 10 per cent tax relief on the first £30,000 of the loan. The Government is expected to take advantage of the low interest climate to soften the blow.


It is estimated that the loss of MIRAS will cost the average homebuyer an extra £200 a year.

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