Departmental Expenditure

Tuesday, 15 October 2024

Questions (234)

Jim O'Callaghan

Question:

234. Deputy Jim O'Callaghan asked the Minister for Finance the total expenditure on help-to-buy grants in 2023; and if he will make a statement on the matter. [41622/24]

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Written answers

The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a refund on Income Tax and Deposit Interest Retention Tax paid in the State over the previous four years, subject to limits outlined in the legislation.

I am advised by Revenue that the total cost of Help to Buy approved claims for 2023 is €185 million.