Help to Buy scheme

2022 - 9 - 27

Help-to-Buy scheme to continue until end of 2024 (RTE.ie)

Delivering Budget 2023, Minister for Finance Pascal Donohoe said the scheme will be kept under review. He said 35,000 people have benefitted from the scheme ...

Alongside the grant supports that will be available, funding will also be provided to support the introduction of a new low-cost loan scheme for residential retrofit. €87 million is to be allocated to the retrofitting of social housing in 2023. €1.7 billion will be allocated to the Department of Housing in 2023, the Minister for Public Expenditure said today, which he said would deliver the social housing new build target of over 9,000 homes. The Residential Development Stamp Duty Refund Scheme is to be extended to the end of 2025, the Minister for Finance also announced today. A vacant homes tax has also been announced in today's Budget which will apply at a rate of three times the local property tax rate that applies to the dwelling. The change will also see a reduction in the period for which a premises must be vacant from twelve to six months.

Budget 2023: Cork TD welcomes the retention of Help to Buy scheme (Echo Live)

Delivering Budget 2023, Finance Minister Pascal Donohoe said the scheme will be kept under review.

“It’s a very positive decision that the Help to Buy scheme is maintained, because it is something which is of huge benefit to first-time buyers, giving them up to €30,000 back in their pockets, which is much-needed cash,” Mr O’Sullivan told The Echo. Under the scheme, first-time home-owners who buy or build a property that costs €500,000 or less may be entitled to claim a refund of income tax and DIRT that you paid over the previous four tax years. A Cork-based Government TD has welcomed the retention in Budget 2023 of the Help to Buy Scheme, which allows first-time home-owners tax relief of up to €30,000.

Help-to-buy housing scheme 'socially regressive', consultants say (The Irish Times)

Mr Donohoe published a July report by accountants Mazars on Tuesday after saying in his Budget 2023 speech that the help-to-buy scheme would be continued at ...

This was not foreseen in appraisals of the scheme previously undertaken.” “A rational approach would not design the scheme as it currently exists, but there are considerable risks with ending the scheme. It added that self-build homes should be excluded for applications from the end of 2022. The scheme was supposed to tackle the shortage of housing output and affordability issues but such problems “have intensified” with increasing deficits and higher prices. “Almost half of the funds that have been spent are deadweight, in other words, they play no part in achieving an objective of the scheme. In it, accountants Mazars said the scheme should be withdrawn but not immediately.

1354 Wicklow families approved for Help to Buy scheme claims (Independent.ie)

SENATOR Pat Casey has praised the Help to Buy Scheme (HTB) as making a real difference to the 1354 families in Wicklow who have successfully availed of the ...

The other is to encourage the building of additional new properties.” Enhancements to the scheme were provided for in Section 8 of the Financial Provisions (COVID-19) (No. Of these 1,326 have been approved for Wicklow plus another 28 in first quarter this year bringing a total of 1,354”

Local Kilkenny estate agent responds to the budget (Kilkenny People)

The extension of the Help To Buy Incentive Scheme and reintroduction of the Rent Tax Credit is welcomed but it won't stop the Flight of the Landlor...

Ciarán continues: "We have to be critical of the budget also in that it has not done anything to encourage small to medium-sized landlords to stay in the market. By not committing to review the current taxation regime faced by small to medium-sized landlords in the market in this budget, the Government has missed a golden opportunity to stem their exodus from the rental sector. Around 40% of our Buyers in Fox Meadow, Kilkenny have been utilizing the HTB scheme so it’s certainly a successful incentive that has caught the imagination of First Time Buyers.

Help to Buy scheme