Michael McGrath
Question:149. Deputy Michael McGrath asked the Minister for Finance if a property (details supplied) in County Cork qualifies under the help-to-buy scheme. [51983/17]
View answerTuesday, 5 December 2017
Questions (149)
Written answers
I am advised by Revenue that as it is unclear on whose behalf the Deputy raised this question and having regard to confidentiality obligations under section 851A of the Taxes Consolidation Act, 1997, Revenue is unable to comment on the specific case referred to by the Deputy.
In general, for a property to be a qualifying residence for the purposes of the Help to Buy Scheme, that property must:-
(a) be a new building which was not used or suitable for use as a dwelling prior to 19 July 2016;
(b) be occupied by the first time buyer or self-builder as his or her sole or main residence, and
(c) be valued at less than €500,000 (or less that €600,000 if sold between 19 July 2016 and 31 December 2016).
If the Deputy can clarify on whose behalf he has raised this matter and provide specific details, as mentioned in (a) to (c) above, Revenue advises me that it can examine the matter.