Help to Buy Incentive

Who can claim the Help to Buy (HTB) incentive?

To claim HTB, you must:

1. be a first-time buyer
2. buy or build a new property between 19 July 2016 and 31 December 2019
3. live in the property as your main home for five years after you buy or build it
4. be tax compliant, if you are self assessed you must also have tax clearance.

To qualify, you must not have previously bought or built a house or apartment, either on your own or jointly with any other person.

If you are buying or building the new property with other people, they must also be first-time buyers.

How much can you claim?

The amount that you can claim is the lesser of:

1. €20,000
2. 5% of the purchase price of a new home. For self-builds this is 5% of the completion value of the property
3. the amount of Income Tax and Deposit Interest Retention Tax (DIRT) you have paid in the four years before your purchase or self-build.

Any queries in regards to the above please do not hesitate to contact on 091 763817 or email me at oliver@taxreturnhelp.ie