- 19th October 2020
- Posted by: Roisin Bennett
- Category: Residential and Mixed Use Developments
Extension of the Help-To-Buy Scheme
The Budget for 2021 was announced on Tuesday 13 October 2020 by Paschal Donohue TD, Minster for Finance, and Michael McGrath TD, the Minster for Public Expenditure and Reform.
One of announcements by the Government included the extension of the Help-to-Buy scheme until the end of 2021. This scheme was originally due to expire on 31 December 2020. The extension of the scheme affords more time to first time buyers to purchase a property whist availing of the valuable incentive.
The Help-to-Buy scheme is a Government tax refund scheme designed to help first-time buyers get the deposit needed to buy a newly built home. The scheme allows first-time buyers to claim a tax rebate of up to €30,000 for the purchase price of a new-build house or apartment. More information on qualifying for the scheme can be found here.
For assistance on this topic or any other landlord and tenant topic, please contact Roisin Bennett at firstname.lastname@example.org or your usual Reddy Charlton contact.