Wednesday, 8 May 2019

Questions (105)

Maurice Quinlivan

Question:

105. Deputy Maurice Quinlivan asked the Minister for Finance the number of applications received to date for the first-time buyers help-to-buy scheme in Limerick city; the number accepted and refused, respectively; the amount provided under the scheme in Limerick city; and if he will make a statement on the matter. [18939/19]

View answer

Written answers (Question to Finance)

I am advised by Revenue that the addresses of purchased properties are only recorded at the claim (i.e. final) stage of the Help to Buy (HTB) process, rather than the initial application stage. This is because not every property purchase where a HTB application is received is subsequently completed, for example where applicants decide not to proceed with the acquisition. Therefore, it is not possible to provide the total number of applications relating to properties in Limerick.

The total number reaching claim stage in Limerick (county and city) to April 2019 is 370, of which 365 have been approved. The cost to the Exchequer to date in respect of these claims is approximately €4.7m. It is not possible to isolate a figure for Limerick City only.

A monthly report on the HTB scheme, which may be of interest to the Deputy, can be found on Revenue’s website at www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/htb/htb-monthly.aspx.