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Help to buy question for separated couple

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  • 05-02-2019 4:56pm
    #1
    oleard5
    Registered Users Posts: 2 ✭


    I have a kind of weird question and hoping you could help
    My ex and i separated roughly two years ago and we still are great friends for the sake of the two kids
    At the time we were together we were renting while saving for a mortgage
    At this moment i have roughly 13,000 saved for a mortgage,

    My question is ,even though my wife and i are separated are we still able to apply for the help to buy tax credit jointly even though i won't be living in the house but will be contributing towards the mortgage as though i will


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    #2
    SteelyDanJalapeno
    Registered Users Posts: 14,297 ✭✭✭✭SteelyDanJalapeno


    I dont think they care

    Can more than one buyer apply?

    Yes, more than one buyer can apply as long as all parties are first-time buyers. The maximum tax rebate of €20,000 applies per property, so the rebate can be claimed against more than one buyer’s income tax and DIRT payments over the previous four years.


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    #3
    oleard5
    Registered Users Posts: 2 ✭oleard5


    SteelyDanJalapeno wrote: »
    I dont think they care

    Can more than one buyer apply?

    Yes, more than one buyer can apply as long as all parties are first-time buyers. The maximum tax rebate of €20,000 applies per property, so the rebate can be claimed against more than one buyer’s income tax and DIRT payments over the previous four years.

    Thanks very much


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    #4
    Creamy Goodness
    Registered Users Posts: 26,578 ✭✭✭✭Creamy Goodness


    SteelyDanJalapeno wrote: »
    I dont think they care

    Revenue may not care, but if I was the bank I’d be super careful around this arrangement.


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    #5
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭Graham


    oleard5 wrote: »
    My question is ,even though my wife and i are separated are we still able to apply for the help to buy tax credit jointly even though i won't be living in the house but will be contributing towards the mortgage as though i will

    No appears to be the answer:
    To claim HTB, you must:
    • be a first-time buyer
    • buy or build a new property between 19 July 2016 and 31 December 2019
    • live in the property as your main home for five years after you buy or build it


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    #6
    Wabbit Ears
    Registered Users Posts: 3,043 ✭✭✭Wabbit Ears


    If we ignore the kids for a half second how is any of this even remotely a good idea?


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    #7
    Creamy Goodness
    Registered Users Posts: 26,578 ✭✭✭✭Creamy Goodness


    Graham wrote: »
    No appears to be the answer:

    Aah I totally missed the part where he wouldn’t be living in the house.

    Even still land mines all around this arrangement.


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    #8
    SteelyDanJalapeno
    Registered Users Posts: 14,297 ✭✭✭✭SteelyDanJalapeno


    Pretty sure the op is asking if it will affect the application, not looking for life advice


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    #9
    Wabbit Ears
    Registered Users Posts: 3,043 ✭✭✭Wabbit Ears


    True. He totally should buy a house for/with his ex which he will still be paying for when his kids grow up, move out and get married. A house he will be paying for when he has a new girlfriend/wife and possible kids or step kids. A house he'll still be paying for when his ex starts a new relationship.


    Yea. He doesn't need any life advice. He totally seems to have it all under control.


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