Written answers

Monday, 11 September 2017

Department of Finance

Help-To-Buy Scheme Eligibility

Photo of Mattie McGrathMattie McGrath (Tipperary, Independent)
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139. To ask the Minister for Finance if he will address a matter (details supplied) regarding the help-to-buy scheme; and if he will make a statement on the matter. [37680/17]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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Section 477C of the Taxes Consolidation Act is the legislation that provides for the Help-to-Buy initiative. The legislation states that in order for a first-time purchaser to be eligible for Help to Buy, he or she must enter into a contract with a Qualifying Contractor. If first-time purchasers do not purchase from a Qualifying Contractor, it is not an eligible house purchase.

For reasons of taxpayer confidentiality, I am advised by Revenue that they cannot comment on the tax affairs of an individual taxpayer or business. However, I am advised by Revenue that discussions designed to facilitate an application from the persons concerned under the Help-to-Buy scheme are being actively pursued.

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