Pádraig O'Sullivan (Cork North Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

116. To ask the Minister for Finance how many people in Cork have benefitted from the enhanced help-to-buy scheme launched in July 2020; and if he will make a statement on the matter. [30143/23]

Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

There are a number of relevant criteria that apply to both the Help to Buy (HTB) Scheme and the Enhanced HTB Scheme. In the case of the HTB Scheme the amount of relief available is the lesser of:

• €20,000,
• 5% of the purchase price or approved valuation, and
• the amount of Income Tax (IT) and Deposit Interest Retention Tax (DIRT) paid for the 4 years prior to when the application is made.

• €30,000,
• 10% of the purchase price or approved valuation, and
• the amount of IT and DIRT paid for the 4 years prior to when the application is made.

I am further advised by Revenue that as of 16 June 2023, the number of approved and pending HTB claims eligible to benefit from the increased relief under the enhanced HTB scheme broken down for Cork is 2,710 with a claim value of €75.1m. These figures set out the number of claims and the amounts claimed for all claims where the relief exceeded €20,000 or exceeded more than 5% of the purchase price/approved valuation.