Dáil Éireann Debate, Tuesday - 8 February 2022
258. Deputy Seán Canney asked the Minister for Finance the amount expended to date on the help to buy scheme since its inception; the number of first-time buyers that benefited from the scheme in tabular form; and if he will make a statement on the matter. [6557/22]
View answerThe Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation.
I am advised by Revenue that detailed statistics on the Help to Buy (HTB) scheme are published monthly on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/htb/htb-monthly.aspx .
The most up-to-date statistics that are available are based on analysis of claims filed at 30 November. These statistics show that, since the inception of the scheme, there have been 29,421 approved HTB claims. The estimated total value of these approved HTB claims is of the order of €536.4 million. A breakdown per year can be found below:
|
Year |
Approved HTB claims |
Cost (€m)* |
|
2021 (end Nov) |
6,665 |
167 |
|
2020 |
6,202 |
126 |
|
2019 |
6,603 |
101 |
|
2018 |
4,967 |
73 |
|
2017 |
4,831 |
69 |
* Subject to rounding.
Revenue also publishes an annual statistical report in relation to the HTB scheme, which will be available shortly in respect of 2021.
