Written answers
Tuesday, 27 September 2016
Department of Finance
Tax Reliefs Application
Michael Healy-Rae (Kerry, Independent)
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144. To ask the Minister for Finance his views on a matter (details supplied) regarding first-time buyers grants; and if he will make a statement on the matter. [26836/16]
Michael Noonan (Limerick City, Fine Gael)
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The Government is conscious that there is a supply shortage of housing and of the challenges faced by first-time buyers in meeting the macro prudential rules for home loans. As a complement to the structural actions in the Action Plan for Housing and Homelessness published on 19thJuly 2016, a new tax-based 'Help to Buy' incentive was announced.
The Deputy has raised the situation of a person building a house of their own or what is termed as a "self-build". The situation of self-builds and their eligibility for the Help-to-Buy incentive is being considered and your comments will be taken into account accordingly.
I will outline the full details of the incentive, including eligibility criteria and implementation method, on Budget day.
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