Help to Buy scheme updated guidance

May 27, 2019

The section of Revenue’s guidance that covers when the relief will be clawed back has been updated.

First time buyers will suffer a clawback of the help to buy tax rebate if the house is not occupied for at least 5 years by the first time buyer as his or her only or main residence.  Revenue’s guidance has been updated to clarify that where a claimant is relocated because of his or her work and is not able to occupy the house temporarily within the 5 year period, Revenue are prepared to accept that a clawback does not arise provided certain criteria are met. Read Revenue’s eBrief.