Dáil debates

Wednesday, 29 June 2022

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation

 

12:52 pm

Photo of Seán CanneySeán Canney (Galway East, Independent) | Oireachtas source

We have heard talk this morning about the housing crisis and what the President said about it. I ask the Government to consider the introduction of a VAT refund scheme for first-time buyers of new or second-hand houses. More than half the cost of building a house is indirect and much of it goes back to the State. It includes 13.5% VAT along with all the other stamp duties, fees, planning and development levies and all of that. I ask that this be introduced in addition to the help-to-buy scheme, which I hope will be retained. The important thing here is to bring in a VAT refund scheme like the one we had in previous years where the money goes back into the hands of first-time homeowners and they can pay it back over a number of years. This would help them with their mortgage.

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