Help To Buy Scheme

What is the Help-To-Buy-Scheme?

The Help to Buy Scheme is a government initiative aimed at assisting first-time buyers by providing a tax refund to help with the deposit on a new home. It is designed to make homeownership more accessible by reducing the upfront financial burden.

What the Scheme Does

The scheme offers a tax refund based on the amount of income tax and Deposit Interest Retention Tax (DIRT) paid by the applicant over the previous four years. This refund can be used towards the deposit on a newly built home or self-build.

Who Can Apply

You may be eligible if:

You are a first-time buyer purchasing a new-build home or self-build property.
The property is located in Ireland and meets the scheme’s criteria.
You have paid sufficient income tax and DIRT in the previous four years to qualify for the refund.
The property price does not exceed the scheme’s price limits.

Full eligibility criteria are available on the official Help to Buy website.

How Much Support You Can Get

The scheme provides a refund of up to 10% of the purchase price, capped at a maximum amount (e.g., €30,000).

The exact refund depends on:

The amount of income tax and DIRT you have paid in the last four years.
The purchase price of the property.

Key Features

The refund is paid directly to you after the purchase is completed.
It can only be used towards the deposit on a new-build or self-build home.
The scheme is available for properties purchased within a specific timeframe set by the government.
It complements other schemes like the First Home Scheme.