Léim ar aghaidh chuig an bpríomhábhar

Tax Credits

Dáil Éireann Debate, Tuesday - 23 July 2019

Tuesday, 23 July 2019

Ceisteanna (245)

Michael McGrath


245. Deputy Michael McGrath asked the Minister for Finance the reason the DIRT tax credit was removed for first-time buyers in 2017; and if he will make a statement on the matter. [33718/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

Section 22 of the Finance Act 2014 inserted section 266A into the Taxes Consolidation Act 1997 (“TCA 1997”). Section 266A TCA 1997 provided for refunds of deposit interest retention tax (“DIRT”) which had been deducted from interest earned by a first time home purchaser. The relief was confined to the DIRT paid in the 48 months prior to the purchase date on savings up to a maximum of 20% of the purchase price of the home. The section was inserted with effect from 14 October 2014 with a “sunset clause” providing for an end date of 31 December 2017.