Dáil Éireann Debate, Thursday - 19 November 2020
125. Deputy Fergus O'Dowd asked the Minister for Finance if he will address queries raised in correspondence (details supplied) regarding the help-to-buy scheme; and if he will make a statement on the matter. [37453/20]
View answerSection 477C of the Taxes Consolidation Act 1997 requires that applicants for the Help to Buy Scheme (HTB) must be first-time buyers. This includes circumstances where there is more than one person involved in the purchase or building of a new home.
Revenue has advised me that according to its records one of the persons involved in the purchase of the property in question is not a first-time buyer and was previously a joint purchaser of another residential property. This precludes the couple’s eligibility for relief under the HTB scheme.
Revenue has also confirmed to me that it will make direct contact with the persons in the coming days to explain the eligibility requirements for the scheme and to clarify any queries they might still have.
