Dáil Éireann Debate, Wednesday - 18 October 2017
91. Deputy Tony McLoughlin asked the Minister for Finance his views on whether land which has been purchased for commercial agricultural use and which was never used to live on should affect a family's eligibility to qualify for first time buyers' relief on a primary principal residence they now wish to buy as their home; and if he will make a statement on the matter. [44187/17]
Amharc ar fhreagraThe Help to Buy initiative is available to persons who have not previously owned, or part-owned, a dwelling. I am advised by Revenue that the ownership of purely agricultural land that does not include a dwelling would not preclude a person, who otherwise meets the qualifying criteria, from availing of the scheme.
Comprehensive details of the operation of the Help to Buy are available on Revenue’s website at www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-15/15-01-46.pdf
