Tuesday, 13 October 2020
Department of Finance
The Help to Buy incentive (HTB) is a scheme to assist first-time purchasers with a deposit they need to buy or build a new house or apartment. HTB will be in place until 31 December 2021. The incentive gives a refund on Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. in the case of self-build properties, the support takes effect on the date of the draw-down of the first tranche of the mortgage.
With regard to the Deputy's question, which I understand to relate to the enhanced rate relief which applies in the period between 23 July 2020 and 31 July 2020, as he will appreciate, it would be inappropriate for me to comment on measures that may, or may not, be contained in the Budget to be announced later today.