Michael Creed
Question:127. Deputy Michael Creed asked the Minister for Finance when the help-to-buy scheme will be approved for persons (details supplied); and if he will make a statement on the matter. [19697/24]
View answerWednesday, 1 May 2024
Questions (127)
Written answers
The 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 on Income Tax and Deposit Interest Retention Tax paid in the State over the previous four years, subject to limits outlined in the legislation. Section 477C Taxes Consolidation Act 1997 outlines the definitions and conditions that apply to the scheme.
Further information regarding the Help to Buy Scheme can be found on Revenue’s website at: www.revenue.ie/en/property/help-to-buy-incentive/index.aspx.
I am advised by Revenue that the HTB application for the persons concerned was approved on 25 April 2024, with notification of the approval and instructions on how to proceed with the claim issuing to the applicants, via myAccount, on the same day.
Should further clarification be required, the persons concerned can contact Revenue, online via myAccount, or by phoning the National PAYE Helpline on (01) 738 36 36, Monday to Friday, 9:30 am-1:30 pm.