Written answers
Tuesday, 8 October 2024
Department of Finance
Housing Schemes
Jim O'Callaghan (Dublin Bay South, Fianna Fail)
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114. To ask the Minister for Finance the estimated first and full-year cost of increasing the help to buy maximum grant by increments of €5,000 up to €50,000, in tabular form. [40255/24]
Jim O'Callaghan (Dublin Bay South, Fianna Fail)
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115. To ask the Minister for Finance the estimated first and full-year cost of increasing the help to buy home cap from €500,000 to €600,000 in conjunction with a maximum grant amount increase to €50,000. [40256/24]
Jim O'Callaghan (Dublin Bay South, Fianna Fail)
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116. To ask the Minister for Finance the estimated first- and full-year cost of expanding the eligible criteria for the assessment of the help to buy grant to include rent paid in the previous three years. [40257/24]
Jack Chambers (Dublin West, Fianna Fail)
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I propose to take Questions Nos. 114, 115 and 116 together.
In relation to the Deputy's question on increasing the maximum relief available under Help to Buy by increments of €5,000 up to €50,000, I am advised by Revenue that there is no information available to it to provide an estimate of this proposal, as the tax paid by potential future applicants is unknown.
In relation to the question of increasing the cap, I am advised by Revenue that there is no information available to it to provide an estimate of this proposal, as house values above the €500,000 threshold are not currently eligible to claim Help to Buy and consequently Revenue has no information on potential applicants falling into the €500,000 to €600,000 range identified in this proposal.
In relation to the question regarding rent already paid for inclusion of receiving the relief, I am advised by Revenue that, as rent paid by actual or potential Help to Buy applicants is not collected on its systems, there is no data on Revenue records from which to estimate the potential cost of this proposal.
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