Before finding out how to apply for the Help to Buy scheme (HTB), it is important to first figure out if you are eligible to apply.
If you self built or bought a home between the 19 th of July 2016 and the 31st of December 2022 as a first time buyer it may be possible to claim a refund on income tax and DIRT that you paid over the previous 4 tax years. It is important to note that you cannot claim a refund on USC or PRSI.
However if you self built or bought a property with another party who was not a first time buyer you will not be eligible for a refund.
The property in question must have also been built/bought with the intention of it being the first time buyers main residence.
You must also have a valid loan to value ratio i.e. you have taken out a mortgage of minimum 70% of the purchase price or in the case of a self build, 70% of the valuation calculated by a mortgage provider.
You must also have lived in the property for at least 5 years from the date it became habitable
If you pay tax through PAYE, you must be registered for myAccount on revenue. Self assessed tax payers are required to sign up for Revenue Online Service.
You must have been fully tax compliant over the past 4 years or you will be disqualified from receiving any refund. You must also complete Form 12 if you pay tax through PAYE or Form 11 if self assessed for the previous 4 years. You must also settle any unpaid taxes.
Once the above steps are completed, there are two more stages
Through Revenue’s myAccount, PAYE employees can apply for the HTB scheme.
Self-assessed tax payers can submit an application using Revenue’s Online Service. Access to MyEnquiries, a safe method of corresponding with Revenue will also be required.
Arrange your Free Property Valuation if you are selling
If you’re looking for a free professional house valuation to help you make an informed property decision, our dedicated team of valuation experts have over thirty years’ experience of selling commercial and residential property in Dublin and North Wicklow and their extensive local knowledge can point you in the right direction.
Pagespeed Optimization by Lighthouse.
Tell us why you are here…
…so we can tailor the website to your needs.