new incentive for new buyers in budget

[cornflakes1]

Hi, does anyone know what the incentive for new buyersi the budget is?It states it will be backdated to june last year. We bought our first homein July, does that mean we may get ta back or something??Thanks, sorry i have no understanding of it at all!!!

 

[Boyd]

Its not backdated to June, its 19th of July.

All the details are here: http://www.revenue.ie/en/tax/it/reliefs/htb/index.html

For your particular scenario, the date in July is crucial. From www.revenue.ie/en/tax/it/reliefs/htb/help-to-buy-faqs.pdf:

To be eligible to apply for the Help to Buy incentive, a first-time buyer must have signed a contract to purchase a new build property on or after the 19th July 2016. In the case of a self-build home, they must have drawn down the first tranche of the relevant mortgage on or after that date