Announcement Help to buy scheme

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

  1. Brendan Burgess

    Brendan Burgess Founder

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    30,973
    This will help FTBs to put the deposit togehter

    Rebate of income tax paid over previous 4 years

    Max 5%
    up to €400k
    Full rebate of €20k up to €600k
    No rebate on houses over €600k

    The CB Governor agrees that the d

    newly built houses
    19 July this year until the end of 2019

    Second hand houses not included. but home renovation scheme extended.
     
  2. Brendan Burgess

    Brendan Burgess Founder

    Posts:
    30,973
    I think that they will.

    They are new houses.

    Brendan
     
  3. npgallag

    npgallag Frequent Poster

    Posts:
    171
    Would be very interested to know if self builds qualify Brendan as just started a build ourselves... Is there anyone I could contact to clarify this.?
     
  4. arbitron

    arbitron Frequent Poster

    Posts:
    103
    yes, from the budget examples:
    "Example 4 Deirdre and Evan are planning to self-build their own home in 2017. They estimate that the value of the home will be €375,000 when completed. For this, provided they have paid sufficient income tax over the previous four years and they are taking out a minimum 80% mortgage, they will qualify for a rebate under the Help to Buy scheme of €18,750."
     
  5. npgallag

    npgallag Frequent Poster

    Posts:
    171
    Thanks...I presume that same rules apply if one of couple is a FTB and the other is not..in that they do not qualify..?