Written answers

Tuesday, 3 July 2018

Department of Finance

Tax Reliefs Availability

Photo of Robert TroyRobert Troy (Longford-Westmeath, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

79. To ask the Minister for Finance the supports in place for first-time buyers who purchase a second-hand property specifically; and if he will make a statement on the matter. [28875/18]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

With regard to taxation, Section 266A of the Taxes Consolidation Act 1997 provided for a repayment of Deposit Interest Retention Tax (“DIRT”) for first time purchasers in respect of any property, which included the purchase of a second-hand property. This section applied to purchases from 14 October 2014 to 31 December 2017 and provided a repayment of DIRT on savings up to a maximum of 20% of the purchase price of the property in the 48 months prior to purchase.

There are therefore no specific tax provisions which apply to purchasers of second hand domestic dwellings.

Comments

No comments

Log in or join to post a public comment.