Help To Buy Scheme
The Help to Buy Incentive is a scheme introduced by Revenue in 2016 and is designed to assist First Time Buyers of new properties or those that Self-Build properties, in getting together the required deposit. The scheme works as a refund of Income Tax and DIRT (Deposit Interest Retention Tax) paid over the previous 4 years. USC and PRSI contributions are not taken into account. The scheme provides for a maximum refund of €20,000 or 5% of the purchase price/ value of the property whichever is the lessor amount.
For properties purchased / built after January 2017 the maximum valuation allowed on properties is €500,000. If your property is worth more than €500,000 you will not qualify for a rebate under the scheme. An extension to the Help to Buy was recently announced and the scheme has now been extended up to December 2021.
Do you Qualify for the Scheme?
How To Apply
The Application is made through the myaccount section of the Revenue Website. If you require any assistance or any further information in relation to the Help to Buy Scheme please contact our office on 021-4811955 and we would be delighted to assist you.