Question Eligibility for Help to Buy

Discussion in 'Budget 2017' started by Merowig, Oct 11, 2016.

  1. Merowig

    Merowig Frequent Poster

    Posts:
    139
    Scenario: married - both qualify as first time buyer
    I pay here tax since 2005 - my wife left Ireland 2010 I believe and she returned November 2014


    First question:
    Is it enough that 1 person out of two has paid tax the previous 4 years to get the tax rebate?
    I paid easily more than 20k tax in the past years.


    Second question:
    Mortage
    It does not state that the mortage has to be taken in Ireland - so in case I could find a bank in Germany and take out there a mortage of 80% this requirement is still met?
     
  2. Brendan Burgess

    Brendan Burgess Founder

    Posts:
    32,437
    Yes, it should be enough for you to have paid the tax.

    I doubt you could raise a mortgage in Germany on an Irish home, so the issue does not arise.

    Brendan
     
  3. Merowig

    Merowig Frequent Poster

    Posts:
    139
    Last edited: Oct 11, 2016
    Thanks - I found it as well described later in the budget document that it is enough I paid the taxes for the past years.

    The second questions remains though valid.
    As I could not find something in the budget documentation yet that states it has to be a mortage with an Irish bank I believe it will be ok.
     
    Last edited: Oct 11, 2016