Michael McGrath (Cork South Central, Fianna Fail)
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224. To ask the Minister for Finance the projected numbers of persons who will benefit in 2015 from the DIRT relief announced in the budget based on an overall cost of €2.8 million; and if he will make a statement on the matter. [40112/14]

Michael Noonan (Limerick City, Fine Gael)
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Having regard to the number of first time buyers in recent years, and the growing property market, my Department estimates that in the region of 9,500 first time buyers would be eligible to benefit from the measure in 2015.

DIRT will be refunded in respect of savings up to a maximum of 20% of the purchase price of the property.  The relief will apply to DIRT paid in the four year prior to the year of purchase.  The scheme will apply in the years 2015, 2016 and 2017.