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Help to Buy Scheme

What Is the Help to Buy Scheme?
The Help to Buy (HTB) Scheme assists first-time buyers to purchase a newly-built house or apartment. It is also available for once-off self-build homes.
It only applies to properties that cost €500,000 or less.
The HTB Scheme gives a refund of the income tax and Deposit Interest Retention Tax (DIRT) you have paid in Ireland over the previous 4 tax years.

How do I qualify?
To qualify, you must:
Be a first-time buyer. If you are buying (or self-building) the property with someone else, they must also be a first-time buyer.
Buy or self-build a new residential property between 19 July 2016 and 31 December 2022.
Take out a mortgage of at least 70% of the purchase price. Cash buyers do not qualify.
Live in the property for 5 years from the date that it is habitable. HTB is not available for investment properties.
Be fully tax-compliant for the 4 years immediately before your claim.
What do I get?
If you sign a contract for a new house, or draw down on a self-build mortgage, between 23 July 2020 and 31 December 2022, you can get an increased relief. This is known as the Enhanced Help to Buy Scheme. You can claim relief on the lesser of:
€30,000
10% of the purchase price of the property
10% of the completion value of a self-build
The amount of income tax and DIRT you paid for the previous 4 years
The maximum payment is €30,000.
How can I apply?
There are 3 stages to the online application process:
The application stage: If you are a PAYE employee only, you can apply for the HTB Scheme through Revenue’s MyAccount service. Or, if you are a self-assessed taxpayer, you can apply through Revenue’s Online Service (ROS).
The claim stage: Once your application is approved you can make your claim using ROS or MyAccount. You will need to provide documents about your mortgage and confirm details about the property at this stage.
The verification stage: The information you have provided is verified by an eligible verifier. This is the contractor if you are buying a new home, or your solicitor if you are building your home.
How do I get the refund?
If you buy a new build, the refund is paid directly to the builder. If you self-build the property, the refund is paid to a bank account you hold with your loan provider.

Read more about the Help to Buy Scheme on https://bit.ly/3O2jdxF .
If you need further information about any of the issues raised here or you have other questions, you can call a member of the local Citizens Information Service in Kerry on 0818 07 7860. They will be happy to assist you and if necessary arrange an appointment for you.
Kerry HELPLINE 0818 07 7860
Monday to Friday from 10am -4pm. Alternatively you can email on tralee@citinfo.ie or log on to www.citizensinformation.ie
The National Phone Service is available on 0818 07 4000 Monday to Friday 9am – 8pm.

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Credit Union launch a new collaboration with Gilroy’s Green Energy Ltd.

Building on recent success the Credit Unions of Kerry and West Limerick have launched a new collaboration with Gilroy’s Green Energy Ltd. Gilroy’s Green Energy Ltd specialise in Photovoltaic (PV) […]

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Building on recent success the Credit Unions of Kerry and West Limerick have launched a new collaboration with Gilroy’s Green Energy Ltd.

Gilroy’s Green Energy Ltd specialise in Photovoltaic (PV) Solar systems that generate electricity, battery storage, air to water heat-pumps and much more.
Gilroy’s work with customers to receive the SEAI once-off grant towards the purchase and installation of solar photovoltaic (PV) systems and heat pumps for your home.
Collaborating with Kerry and West Limerick Credit Union expands the finance options available to Gilroy’s Green Energy Ltd customers to help finance new PV Solar Panel installations. Loan rates will be directly linked to the property BER starting from 4.7%(4.89APR) for an “A” rated BER.
Martin Gilroy; CEO with Gilroy’s Green Energy Ltd said: “We are delighted to officially launch this collaboration with the Credit Unions of Kerry and West Limerick. Customers have already reaped the benefits on recent installation projects after contacting their local Credit Union. Having a direct link to local Credit Unions allows us to guide customers to affordable financing options based on the specific installation quotation we provide at very competitive rates.“
Speaking on behalf of the Kerry and West Limerick Credit Unions, Ashley Fitzgerald added: “We are delighted to have Gilroy’s Green Energy Ltd come on board as part of our Greener Homes Loan offering. Home Energy Upgrade have become a prominent concern and talking point among members in recent months, by Credit Unions having a direct link with Gilroy’s Green Energy Ltd allows both sides to make referrals and seek the best finance option for members. We are working hard building relationships with Green Energy Ltd providers as we want to ensure our members can avail of the best loan rates for all upgrade works.”
Credit Unions across Kerry and West Limerick. Abbeyfeale Credit Union, Cara Credit Union, Killarney Credit Union, Listowel Credit Union and Rathmore and District Credit Union can be reached via: www.creditunion.ie
Gilroy’s Green Energy Ltd can be contacted on 066-7115920, email info@gilroys.ie or for more information visit www.gilroys.ie.

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Racegoers Club to host Cheltenham Preview Night

Killarney Racegoers Club will host its annual Cheltenham Preview Night in Corkery’s Bar on March 7. Admission is free and this year’s chosen beneficiary is the Killarney Branch of St […]

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Killarney Racegoers Club will host its annual Cheltenham Preview Night in Corkery’s Bar on March 7.

Admission is free and this year’s chosen beneficiary is the Killarney Branch of St Vincent De Paul Society.
The expert panel includes professional punter Paddy Wilmott, leading jockey Conor McNamara, up-and-coming Kerry-based trainer Eoin McCarthy and local bookmaker Brendan Tyther with Vince Casey acting as the event’s compere.

“There is no admission fee but a raffle on the night for dual membership of Killarney Racegoers Club for the year, which includes 13 days racing and many reciprocal days to other race meetings,” said Mr Casey.

The Cheltenham Festival begins on March 12.

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