Enhanced tax relief under the Help to Buy Scheme (Section 8)

Jul 27, 2020

Tax relief under the Help to Buy Scheme is enhanced to the lesser of (i) €30,000 (up from €20,000) or (ii) 10 per cent (up from 5 per cent) of the purchase price of the new home or of the completion value of a self-build or (iii) income tax and DIRT paid by the claimant over four years. This enhanced relief is only available from 23 July 2020 to 31 December 2020. From 1 January 2021, the Help to Buy Scheme reverts to the pre 23 July 2020 position.