Written answers
Wednesday, 18 October 2017
Department of Finance
Help-To-Buy Scheme Eligibility
Tony McLoughlin (Sligo-Leitrim, Fine Gael)
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91. To ask the Minister for Finance his views on whether land which has been purchased for commercial agricultural use and which was never used to live in should affect families' eligibility to qualify for first time buyers relief on a primary principal residence they now wish to buy as their home; and if he will make a statement on the matter. [44187/17]
Paschal Donohoe (Dublin Central, Fine Gael)
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The Help to Buy initiative is available to persons who have not previously owned, or part-owned, a dwelling. I am advised by Revenue that the ownership of purely agricultural land that does not include a dwelling would not preclude a person, who otherwise meets the qualifying criteria, from availing of the scheme.
Comprehensive details of the operation of the Help to Buy are available on Revenue’s website atwww.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-15/15-01-46.pdf
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