Colm Brophy
Ceist:131. Deputy Colm Brophy asked the Minister for Finance the current annual cost of the help to buy scheme, based on the latest data available. [43737/24]
Amharc ar fhreagraThursday, 24 October 2024
Ceisteanna (131)
Freagraí scríofa
The Help to Buy 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 annual cost of the Help to Buy scheme is set out in the Cost of Tax Expenditures publication, which is available on the Revenue website at:
www.revenue.ie/en/corporate/documents/statistics/tax-expenditures/costs-tax-expenditures.pdf
The annual cost of the Help to Buy scheme is €185.3 million based on the latest available data for the year 2023.