Dáil Éireann Debate, Wednesday - 12 May 2021
96. Deputy Dara Calleary asked the Minister for Finance if a help-to-buy scheme application by a person (details supplied) is being examined; the projected timeframe for the processing of applications; and if he will make a statement on the matter. [24758/21]
Amharc ar fhreagraThe 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 as their home. The incentive provides a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation.
As part of the Government’s July 2020 Jobs Stimulus Package the relief available to first-time buyers was temporarily increased (to end 2020) to a maximum of €30,000 where certain conditions were met by the applicants. This temporary increase was further extended to 31 December 2021 in the 2020 Finance Act.
I am advised by Revenue that the HTB application submitted by the persons in question has already been approved under ‘stage 1’ of the process. Revenue has also confirmed that it has made direct contact with the persons to advise them on the requirements that must be completed to progress their claim under ‘stage 2’ of the process. Revenue also provided them with contact details should they encounter any further difficulties.
