The Help to Buy (HTB) scheme is an incentive for first-time property purchasers and is designed to help with the purchase or self-build a new house or apartment. Applicants must purchase or self-build the property to live in as their 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.
Enhanced HTB scheme
A temporary enhancement to the original HTB scheme was announced in the 2020 July Jobs Stimulus.
With the enhanced HTB scheme, applicants who satisfy certain conditions can claim an increased relief up to a maximum of €30,000. The enhanced HTB scheme is applicable from 23 July 2020 to 31 December 2025. The original HTB scheme applies from 1 January 2017 to 22 July 2020.
There is more information about the enhanced HTB scheme in the ‘How much can you claim?’ page on the Revenue.ie website.
Alternatively you can contact McGowan Accountancy Services on on + 353 (0) 90 66 25818 for more information.