Written answers
Tuesday, 15 October 2024
Department of Finance
Departmental Expenditure
Jim O'Callaghan (Dublin Bay South, Fianna Fail)
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234. To ask the Minister for Finance the total expenditure on help-to-buy grants in 2023; and if he will make a statement on the matter. [41622/24]
Jack Chambers (Dublin West, Fianna Fail)
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The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a refund on Income Tax and Deposit Interest Retention Tax paid in the State over the previous four years, subject to limits outlined in the legislation.
I am advised by Revenue that the total cost of Help to Buy approved claims for 2023 is €185 million.
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