Léim ar aghaidh chuig an bpríomhábhar

Help-To-Buy Scheme

Dáil Éireann Debate, Tuesday - 15 May 2018

Tuesday, 15 May 2018

Ceisteanna (154)

Pearse Doherty


154. Deputy Pearse Doherty asked the Minister for Finance the estimated impact on the 2019 fiscal space of abolishing the help-to-buy scheme. [21180/18]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

Help to Buy (HTB) has a sunset clause (31/12/2019). Concluding the scheme a year early would not result in additional budgetary resources, rather it would bring forward budgetary resources that have been assigned to 2020.

HTB is a demand led incentive and, as such, it is not possible to give a precise estimate of cost for 2019. However, at the time of Budget 2017, my department estimated that HTB would cost some €40 million in 2019.

The estimated total value of approved HTB claims at end 2017 was in the order of €68.9 million, of which €16.7 million represents retrospective claims (for the period 19 July to 31 December 2016). The cost of the incentive so far in 2018 (to 1 May) has been some €22 million.