Michael McGrath (Cork South Central, Fianna Fail)
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71. To ask the Minister for Finance the number of first-time buyers who have received a refund of deposit interest retention tax paid in the previous 48 months; when the scheme will conclude; and if he will make a statement on the matter. [12283/16]

Michael Noonan (Limerick City, Fine Gael)
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This scheme provides that first-time buyers who purchase or self-build a residential property between 14 October 2014 and 31 December 2017 may be entitled to claim a refund of DIRT which was deducted from interest earned on savings used for the purchase of the property in the 48 months prior to the purchase date or completion date if a self-build.

The relief is confined to DIRT paid on savings up to a maximum of 20% of the purchase price, or in the case of self-builds, 20% of the completion value of the property and the property must be used by the first time buyers as their home.

I am advised by Revenue that since 14 October 2014, when the scheme was introduced, to date, a total of €326,888 has been refunded to 335 applicants.