Who can qualify for the First Time Buyers grant (Help To Buy Scheme)
To qualify for the First Time Buyers grant, you must not have previously bought or built a house or apartment, either on your own or jointly with any other person. If you are buying or building the new property with other people, they must also be First Time Buyers. If you have inherited or been gifted a property it will not affect your eligibility.
A few figures please, how much can I get?
To quote ‘Revenue’ verbatim – The amount that you can claim is the lesser of:
5% of the purchase price
The total income tax, including DIRT, paid by the purchaser in the 4 years immediately preceding the year of application.
If the purchaser receives approval in respect of the scheme the tax rebate will be paid to the builder.