Thursday, 26 September 2019

Questions (48)

Martin Heydon


48. Deputy Martin Heydon asked the Minister for Finance the take-up of the help-to-buy incentive in County Kildare and nationally; the factors being taken into account in deciding whether to extend it; when a decision will be made; and if he will make a statement on the matter. [37663/19]

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Written answers (Question to Finance)

The Help To Buy (HTB) incentive was announced in Budget 2017 and backdated to 19 July 2016. Revenue advise me that over the period 19 July 2016 to 30 August 2019 (the most recent month for which data are available), 14,722 claims for HTB were made on a national basis, of which 13,955 were approved. Out of the 14,722 claims made overall, 1,421 of the claims related to the County of Kildare. 

The Help to Buy incentive is scheduled to expire on 31 December 2019.  This is provided for in Section 477C of the Taxes Consolidation Act 1997. As is normal practice, the role and operation of the incentive is being examined in the context of the forthcoming Budget and Finance Bill process.

However, at this close proximity to the Budget, it would be inappropriate for me to be drawn in relation to the existence of the relief into the future.