Coonan Financial Group

Help to Buy (HTB)

Overview

The Help to Buy (HTB) scheme is an incentive for first-time property purchasers. It will help you with the deposit you need to purchase or self-build a new house or apartment. You must purchase or self-build the property to live in as your home.

Where you meet the required conditions, you will receive a refund of:

Irish Income Tax
and
Deposit Interest Retention Tax (DIRT) you paid in Ireland.
The refund will be from the four tax years prior to when you make your application. The refund will not include any refunds you have already claimed.

Who can claim HTB?

To claim HTB, you must:

  • be a first-time purchaser at the time of the claim.
  • purchase, or self-build, a qualifying property between 1 January 2017 and 31 December 2024
  • live in the property as your main home for five years after you purchase or self-build it.
  • be tax compliant. If you are self-assessed, you must also have tax clearance.
  • take out a mortgage on the property with a qualifying lender. The mortgage must be at least 70% of the:
    • purchase value of the property
    • or
    • approved valuation, in the case of a self-build.
  • To qualify, you must not have previously purchased or built a house or apartment, either on your own or jointly with any other person. If you are purchasing or self-building the new property with other people, all of them must be first-time purchasers. If you have inherited, or have been gifted, a property, depending on the circumstances, it may not affect your eligibility.
  • If you are purchasing the property, you must have signed a contract to purchase that property on, or after, 1 January 2017. If you are self-building, you must have drawn down the first part of the mortgage on, or after, 1 January 2017.

Click here to download/view our handy step by step guide.

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