First Time buyers grant

T

tyoung

Registered User
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143
Basic question but someone might help settle an arguement. Does the first time buyers grant apply only to new houses or to any house purchase?
Thanks
 
No such thing anymore.

Are you by any chance referring to first time buyers stamp duty relief?

FTBs pay a reduced rate of stamp duty (NIL up to €317,501) on second hand houses.

All owner occupiers pay nil stamp duty on new houses with a certified floor area of less than 125 square metres.

All explained [broken link removed].
 
Yes
So to be clear there is no preferential tax treatment for a first time buyer of a new house over a second hand one/
thanks
 
No, to be clear, there is. Have a look at the link I posted above.

CCOVICH said:
FTBs pay a reduced rate of stamp duty (NIL up to €317,501) on second hand houses.
Click to expand...
 
A FTB of a new or a second hand house up to €317,500 will pay no stamp duty.
 
ClubMan said:
A FTB of a new or a second hand house up to €317,500 will pay no stamp duty.
Click to expand...

And no owner occupier pays stamp duty on a new house, subject to the 125 square metre floor area rule.
 
tyoung said:
Yes
So to be clear there is no preferential tax treatment for a first time buyer of a new house over a second hand one/
thanks
Click to expand...

Dont forget you get better mortgage interest relief as an FTB
€4,000 for a singleton against €2,540 if not a FTB
 
bazermc said:
Dont forget you get better mortgage interest relief as an FTB
€4,000 for a singleton against €2,540 if not a FTB
Click to expand...
This is irrelevant if the question is whether or not there is any tax difference for a FTB buying a new versus a second hand (under €317,500) property. Basically there isn't.
 
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