Robert Troy (Longford-Westmeath, Fianna Fail)
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62. To ask the Minister for Finance if an existing property, which is derelict can qualify for the help-to-buy scheme. [45607/24]

Jack Chambers (Dublin West, Fianna Fail)
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Help to Buy (HTB) is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive offers 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 Section 477C of the Taxes Consolidation Act 1997.

For a property to qualify for HTB, it must be new or converted for use as a dwelling, having not been previously been used as a dwelling. In the circumstances where the house was previously used as a dwelling but knocked down and rebuilt, then it is considered “new”. First-time buyers under HTB may purchase a site containing a house which is derelict and which they plan to demolish, in whole or in part, with the intention of building a new house.

First time buyers intending to undertake such purchases should contact Revenue via MyEnquiries outlining the specific circumstances of their case and Revenue will consider eligibility for HTB on a case by case basis.

Robert Troy (Longford-Westmeath, Fianna Fail)
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63. To ask the Minister for Finance if there are plans to increase the help-to-buy scheme and assist first-time buyers further with the cost of deposits. [45608/24]

Jack Chambers (Dublin West, Fianna Fail)
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Finance Bill 2024 extends Help to Buy scheme in its current form for a further four years to 31 December 2029. This approach, gives further certainty to future homebuyers and to the market.

I have no further plans in relation to the Help to Buy scheme at present.