Dáil Éireann Debate, Thursday - 9 September 2021
197. Deputy Mattie McGrath asked the Minister for Finance if the help-to-buy scheme, which is due to end in 2021, will be extended to help those trying to buy their own home; and if he will make a statement on the matter. [42302/21]
Amharc ar fhreagraThe Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with a deposit they need to buy or build a new house or apartment. The incentive gives a refund on Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. Section 477C Taxes Consolidation Act (TCA) 1997 outlines the definitions and conditions that apply to the HTB scheme.
As part of the normal course of events, the future of the HTB scheme beyond its current sunset date of 31 December 2021 is a matter that will fall to be considered in the context of Budget 2022 and the subsequent Finance Bill.
