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:
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 firstname.lastname@example.org or log on to www.citizensinformation.ie
The National Phone Service is available on 0818 07 4000 Monday to Friday 9am – 8pm.
Marie was “lovely, unassuming lady”
By Sean Moriarty Tributes have been paid to Marie Murphy of Aughacureen, who died in tragic circumstances on November 30. Marie was a member of the well known Murphy business […]
By Sean Moriarty
Tributes have been paid to Marie Murphy of Aughacureen, who died in tragic circumstances on November 30.
Marie was a member of the well known Murphy business family in Killarney – her brother runs KWD Recycling and she was heavily involved in the business.
She was best known for involvement in the local GAA both as a county star and a member of Fossa GAA Club.
She was a third generation Kerry footballer, her grandfather Con and father John all played football for Kerry.
She was extremely proud of her niece Abbie, her brother Seán’s daughter, when she became the fourth generation Murphy to play for Kerry.
Marie played for Kerry in 1976 and re-joined Fossa GAA Club in 2010 when the ladies’ side of the club was re-formed.
She acted as a mentor for current group of ladies.
Back in 2019 when Fossa GAA Club published a book to mark its 50th anniversary she was one of the leading lights on that committee.
This year, when the club held its Night of Legends to raise funds for a new dressing room for the ladies’ club, Marie was one of the guests of honour at the INEC event and was interviewed on the stage in front of a capacity audience.
Only a few weeks ago she was one of the many club members who helped organise the Fossa Golf Classic and acted as official photographer for that event.
“The club is numb with sadness,” said Fossa GAA chairman Dermot Clifford. “She was a loyal member and very proud of the club. Our thoughts are with her family. A lovely, unassuming lady who will be sorely missed.”
Marie will be sadly missed by her brothers Con, Seamus and Seán, sisters-in-law Breda, Gennie and Anna, her nieces Shauna, Amy, Kate and Abigail, nephews John, Jack, Luke, aunties Mairead and Maura, cousins, relatives, neighbours and a large circle of friends.
She was laid to rest at Old Aghadoe Cemetery on Monday following Requiem Mass at The Prince of Peace Church, Fossa.
Kerry Airport to get almost €1.5m funding
Kerry Airport is in line for nearly €1.5m in funding under the Regional Airports Programme 2021-2025. All five regional airports in the country will share a total of €21,100,051 released […]
Kerry Airport is in line for nearly €1.5m in funding under the Regional Airports Programme 2021-2025.
All five regional airports in the country will share a total of €21,100,051 released under the scheme.
Kerry Airport will get €1,434,355 to put towards vital safety operations like air traffic control, fire services and security.
The CEO of Kerry Airport, John Mulhern, welcomed the funding.
“We are grateful to Minister Naughton, the Department of Transport and Kerry’s two Government TDs, Minister Norma Foley and Deputy Brendan Griffin for their continued support,” he said.
“The funding will help to ensure that Kerry Airport remains compliant with regulatory requirements in key areas, such as air traffic control, fire services and security.”
Funding this year for airports will total over €37 million building on the €161 million provided in unprecedented aviation supports during 2021.
“I welcome this funding which will deliver further vital financial supports to Kerry Airport with a particular focus on safety, security operations and air traffic control,” Minister Foley said.
“This funding reinforces the importance and value that Government places on the vital role of our regional airports and how connectivity directly supports tourism and enterprise in Kerry.”
Marie was “lovely, unassuming lady”
By Sean Moriarty Tributes have been paid to Marie Murphy of Aughacureen, who died in tragic circumstances on November 30....
Kerry Airport to get almost €1.5m funding
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