Brendan Ryan (Dublin Fingal, Labour)
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286. To ask the Minister for Finance the way in which it is possible for new home owners to avail of the DIRT incentive for first-time buyers, in view of the fact that the incentive is only payable once the property tax on a home has been paid, even though new homes are exempt from property tax for a period longer than the eligible period of the DIRT incentive. [20512/17]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by Revenue that Section 266A of the Taxes Consolidation Act 1997 provides for refunds of Deposit Interest Retention Tax (DIRT) for first-time buyers who purchase a house or apartment to live in as their home. It also applies to first time buyers who self-build a home to live in.

Refunds can be claimed by a first-time buyer of a house or apartment who purchases or self-builds a property between 14 October 2014 and 31 December 2017. The first-time buyer must not have, either individually or jointly with any other person, previously purchased or built a house or apartment.

In order to make a claim for the DIRT refund the property must be registered for Local Property Tax (LPT) as the refund is processed through the LPT system. It is not required that Local Property Tax has been paid on the property in order to avail of the DIRT refund.

Further information on the DIRT refund scheme is available on Revenue.ie at DIRT refunds for First Time Buyers.