Help To Buy Scheme
The maximum rebate of previous 4 years’ income tax and DIRT for First Time Buyers of newly-built houses/apartments is the lower of 10% of purchase price (or the completion value in the case of a self-build) up to value of €500,000, and provided the house is valued at less than €500,000, or €30,000 or the amount of income tax/DIRT paid in the four years.
To be eligible for the scheme, the first-time buyer must have signed the contract on or after 19 July 2016 and on or before 31 December 2029.
Alternatively, in the case of a self-build, the first tranche of the mortgage loan must be drawn down between those dates. From 11 October 2023, the scheme includes properties purchased through the Local Authority Affordable Purchase (LAAP) scheme.
