Share this entry
MIRAS Line breaks: MIRAS
Pronunciation: /ˈmʌɪrəs/

Entry from British & World English dictionary

Definition of MIRAS in English:


(Formerly in the UK) mortgage interest relief at source.
Example sentences
  • Once tax relief and Miras were removed it was no longer suitable as the main means of repaying a loan.
  • 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.
Share this entry

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Subscribe to remove ads and access premium resources