budget

Help to Buy incentive for first-time buyers

 

The 2017 Budget saw the Government launch the much anticipated Help to Buy (HTB) incentive for first- time buyers.

What is the HTB incentive?

The HTB incentive is designed to assist first-time buyers with obtaining the deposit required to purchase/self-build a new home.

Are you entitled to claim this?

You are entitled to claim this if you are a first-time buyer who purchases or self-builds a newly built home between 19th July 2016 and 31st December 2019. You can claim relief by applying online to Revenue from 1st January 2017.

What are you entitled to claim?

You may be entitled to a refund on income tax and DIRT paid over the previous 4 years. You may claim up to a maximum of 5% of the purchase price, up to the value of €400,000.

 

If you have any further queries please do not hesitate to contact us on 01-5052718.