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Help to Buy for Recently Returned

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  • 02-11-2016 9:16pm
    #1
    Cobhtrevor
    Registered Users Posts: 1 ✭


    My wife and I would like to either buy a new house or self build next year and so benefit from the new Government help to buy scheme. However, we just returned home to Ireland after living abroad for about ten years. Will we be able to avail of the four year tax rebate even if we were paying tax in the UK?
    Tagged:


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    #2
    martinn123
    Registered Users Posts: 2,300 ✭✭✭martinn123


    No afraid not.

    The scheme is based on the refund of Tax Paid over the past 4 years, to the Irish Revenue, subject to certain maximums, based on the purchase price.


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    #3
    mike_2009
    Registered Users Posts: 533 ✭✭✭mike_2009


    Delay building until near the end of the scheme? But Weigh up likely benefit of building in 2017 vs additional costs of building in 2019 (vs materials, labour cost increases etc).


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    #4
    djam17
    Registered Users Posts: 7 ✭djam17


    Hi all. Anybody know if the help to buy can be approved retrospectively. We returned home last year so have not paid enough tax to receive the full rebate. We have initial deposit paid now and help to buy approved in principle but might be better wait until next year when we have paid more tax and apply again??


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    #5
    castykidd
    Registered Users Posts: 108 ✭✭castykidd


    mike_2009 wrote: »
    Delay building until near the end of the scheme? But Weigh up likely benefit of building in 2017 vs additional costs of building in 2019 (vs materials, labour cost increases etc).

    I know this is an old post but in case still active, why would delaying the build until closer the deadline allow them to avail of the rebate?

    Were you saying by then they may have paid enough tax to apply for it?


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