As part of the Government's July Jobs Stimulus package a temporary enhanced HTB incentive was introduced.
During the period from 1 January 2021 to 31 December 2021, applicants will be eligible for increased relief if they:
Sign a contract for the purchase of a new house or apartment
make the first draw down of the mortgage in the case of a self-build property,
The maximum HTB refund is calculated at the lesser of:
€30,000 (up from €20,000)
10% (up from 5%) of the purchase price of a new home. For self-builds this is 10% (up from 5%) of the completion value of the property.
the amount of Income Tax and Deposit Interest Retention Tax (DIRT) you have paid for the four years before your purchase or self-build.
Applicants that made a HTB application under the original scheme, may satisfy the enhanced HTB requirements. They should cancel their original HTB application and reapply to avail of the increased relief.
In order to qualify, the developer must be a qualifying contractor. Glenveagh are a qualifying contractor. Download our guide to the Help to Buy incentive at www.glenveagh.ie
You can apply for the HTB scheme if you are an eligible first-time buyer and are a PAYE taxpayer.
Names & details of each applicant
Evidence of mortgage approval including name & address of lending institution
Purchase price or completion date of property
Deposit amount payable
Loan application number
You can apply online at www.revenue.ie
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