Paul McAuliffe
Question:261. Deputy Paul McAuliffe asked the Minister for Finance his plans to extend the help to buy scheme; and if he will make a statement on the matter. [37207/21]
View answerTuesday, 13 July 2021
Questions (261, 274)
Alan Kelly
Question:274. Deputy Alan Kelly asked the Minister for Finance if it is likely that the help to buy scheme will be extended into 2022; and if not, if it will cease on 31 December 2021. [37629/21]
View answerWritten answers
I propose to take Questions Nos. 261 and 274 together.
The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with a deposit they need to buy or build a new house or apartment. The incentive gives a refund on Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. Section 477C Taxes Consolidation Act (TCA) 1997 outlines the definitions and conditions that apply to the HTB scheme.
The position is that, as part of the normal course of events, the future of the HTB scheme beyond its current sunset date of 31 December 2021 is a matter that will fall to be considered in the context of Budget 2022 and the subsequent Finance Bill.