(1) As respects the year of assessment 2002 and subsequent years of assessment, the Principal Act is amended in Chapter 3 of Part 8 by the insertion of the following section after section 244:
"244A. Application of section 244 (relief for interest paid on certain home loans) of Principal Act.
(a) In this section -
(i) 'qualifying dwelling', in relation to an individual, means a qualifying residence situated in the State;
'qualifying lender' has the meaning assigned to it by subsection (3);
'qualifying mortgage interest', in relation to an individual and a year of assessment, means the qualifying interest paid by the individual in the year of assessment in respect of a qualifying mortgage loan;
'qualifying mortgage loan', in relation to an individual, means a qualifying loan or loans secured by the mortgage of freehold or leasehold estate or interest in a qualifying dwelling, and
(ii) 'appropriate percentage', 'qualifying interest', 'qualifying loan', 'qualifying residence' and 'rel
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