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Help-To-Buy Scheme Data

Dáil Éireann Debate, Thursday - 14 December 2017

Thursday, 14 December 2017

Ceisteanna (68)

Kevin O'Keeffe

Ceist:

68. Deputy Kevin O'Keeffe asked the Minister for Finance the number of applications that have been received to date under the help-to-buy incentive scheme; and the number of applications that have been successful. [53559/17]

Amharc ar fhreagra

Freagraí scríofa

I am advised that Revenue publishes a monthly update on the Help to Buy (HTB) scheme on the Revenue website.  The most recent update to 30 November 2017 in respect of applications, both approved and pending, and claims made can be found at: http://www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/htb.aspx

Revenue’s published statistics at 30 November 2017 show the number of applications received at 11,985 and the number of approved applications at 8,568 or 71.5%. Compliant taxpayers who complete their HTB application are provided with an application number and a summary of the maximum relief available to them under the incentive. Revenue encourages prospective applicants to file any necessary tax returns, and resolve any outstanding issues, before making the HTB application. This reduces processing delays when a person makes their HTB application.

When an applicant has purchased a qualifying property from a qualifying contractor, or a self-builder has drawn down the first tranche of his or her mortgage on a qualifying property, the application can progress to the claim stage. Details of claims made and approved as well as the value of approved claims are also provided in the monthly statistics referenced above. To the end of November, 4,941 HTB claims had been made, of which 4,402 had been approved.

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