abbreviation

• (formerly in the UK) mortgage interest relief at source.

  ‘Once tax relief and Miras were removed it was no longer suitable as the main means of repaying a loan.’

  More example sentences

  • ‘But at that time, the first £30,000 of any mortgage - and the majority of those in Scotland - qualified for Miras tax relief, so the real cost of a home loan was even less.’
  • ‘The decreased rate of income tax will cost the Treasury £2.25 billion, but abolition of the married couples allowance and Miras will raise £2.95 billion.’