Written answers
Wednesday, 9 November 2016
Department of Finance
Tax Data
Martin Heydon (Kildare South, Fine Gael)
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83. To ask the Minister for Finance if he will provide a breakdown of the number of first-time buyers per annum who have availed of the deposit interest retention tax refund scheme for first-time buyers since its introduction; the average amount of refund payable for each of those years; and if he will make a statement on the matter. [33947/16]
Michael Noonan (Limerick City, Fine Gael)
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I am advised by Revenue that applications for refunds of Deposit Interest Retention Tax (DIRT) for first-time buyers who purchase a house or apartment to live in as their home are as follows (scheme began on 14 October 2014);
- | Number of applications approved. | Amount refunded |
---|---|---|
14/10/14-31/12/15 | 126 | €137,241 |
1/1/16-7/11/16 | 380 | €299,557 |
Totals to date | 506 | €436,798 |
I am also advised that, 102 applications have been refused to date and 80 are currently being processed.
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