The Principal Act is amended -

(a) in section 458, in Part 2 of the Table, by the insertion of "Section 473C" after "Section 473B", and

(b) by the insertion of the following section after section 473B:

"473C. Mortgage interest tax relief

(1) In this section -

‘appropriate percentage’, in relation to a year of assessment, means a percentage equal to the standard rate of tax for that year;

‘claimant’ has the meaning given to it by subsection (2);

‘credit information provider’ has the meaning given to it by section 2 of the Credit Reporting Act 2013;

‘dependent relative’, in relation to an individual, means any of the persons mentioned in paragraph (a) or (b) of subsection (2), or in paragraph (a) or (b) of subsection (2A), of section 466 in respect of whom the individual is entitled to a tax credit under that section;

‘loan’ means any loan or advance or any other arrangement whatever by virtue of which interest is paid or payable;

‘local property tax number’ means the unique identification number assigned to a residential property by the Revenue Commissioners under section 27 of the Finance (Local Property Tax) Act 2012;

‘mortgage interest tax credit’ has the meaning given to it by subsection (2);

‘personal representative’ has the same meaning as in section 799;

‘PPS Number’, in relation to an individual, means the individual’s Personal Public Service Number within the meaning of section 262 of the Social Welfare Consolidation Act 2005;