MIRAS

MIRAS /ˈmaɪræs, -rəs/ noun [uncountableU]

(Mortgage Interest Relief at Source) a system used until 2000, in the UK, by which someone who had a mortgage (=money borrowed from a bank etc to buy a house) was allowed to pay less income tax. The borrower was given tax relief (=the right to pay less tax) on the interest that he or she paid on the mortgage, and this reduced the cost of the mortgage payments.

From Longman Business Dictionary

MIRASMIRAS /ˈmaɪræs/ (also Miras) noun [uncountableU]

TAX mortgage interest tax relief at source; a system in the UK where people with a MORTGAGE (=loan to buy property) were able to get money back from the tax system. MIRAS stopped from April 2000

单词	MIRAS
释义	MIRAS MIRAS /ˈmaɪræs, -rəs/ noun [uncountableU] (Mortgage Interest Relief at Source) a system used until 2000, in the UK, by which someone who had a mortgage (=money borrowed from a bank etc to buy a house) was allowed to pay less income tax. The borrower was given tax relief (=the right to pay less tax) on the interest that he or she paid on the mortgage, and this reduced the cost of the mortgage payments. From Longman Business Dictionary MIRASMIRAS /ˈmaɪræs/ (also Miras) noun [uncountableU] TAX mortgage interest tax relief at source; a system in the UK where people with a MORTGAGE (=loan to buy property) were able to get money back from the tax system. MIRAS stopped from April 2000
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