Dáil Éireann Debate, Tuesday - 22 October 2024
236. Deputy Sean Fleming asked the Minister for Finance if the first-time buyer's grant received in respect of housing is subject to taxation; if so, what levels of taxation; and if he will make a statement on the matter. [42676/24]
View answerThe 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.
The HTB is a tax relief and not a grant, as such it is not taxable.
