The enhanced HTB scheme; who qualifies and how to apply

Aug 17, 2020

Revenue issued a press release on the enhanced Help to Buy (HTB) scheme and updated the HTB Tax and Duty Manual. Applications for the enhanced HTB scheme, announced as part of the July stimulus, can now be made through myAccount or ROS.

The Tax and Duty Manual Part 15-01-46 has been updated to reflect:

  1. the extension of the expiry date of the qualifying period for eligibility from 31 December 2019 to 31 December 2021, as provided for in Finance Act 2019;
  2. the increase in the maximum tax refund available to the lower of 10 per cent of the value of the property or €30,000 for the period from 23 July 2020 to 31 December 2020, as provided for in section 8 of the Financial Provisions (Covid-19)(No.2) Act 2020, and the need for claimants, in certain circumstances, to cancel their original application for the relief and submit a new one, where they believe they’re entitled to the enhanced HTB relief;
  3. the updating of guidance on instances where the HTB scheme is available when purchasing a new property from a local authority; and
  4. the inclusion of an example demonstrating what “indirect purchaser” means and guidance on the raising of assessments in relation to the HTB scheme.

Revenue’s press release also provides detail on; changes in the criteria for the scheme; instances where people who have applied for the HTB scheme may qualify for the enhanced HTB scheme and the steps they can take to be considered under the enhanced scheme; along with a link on How do you apply for Help to Buy (HTB)?