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The Help to Buy incentive is designed to assist first-time buyers with obtaining the
deposit required to purchase or self-build a new house or apartment to live in as their
home. The incentive provides for a refund of Income Tax and Deposit Interest
Retention Tax (DIRT) paid over the previous four tax years to first-time buyers.
Before you apply for HTB, you must submit a Form 12 for each year you wish
to apply for a payment and pay any outstanding tax due.
Use myAccount to submit a Form 12 for the years from 2014. Online
Form 12s are pre-populated with your pay and tax details.
If you need to submit a Form 12 for 2013, you can download the form and
submit on paper. When you have completed this form, you can scan it and
then upload it in MyEnquiries. To do this, you should:
year of purchase to be the actual year you bought or built your home
previous year provided you make your application before 31 May 2018.
This will allow you to select the four year period which is of most benefit to
you.
For example, if your contract or draw-down date is 2 February 2018, you may
choose whether that took place in either 2017 or 2018. If you choose 2017,
this will allow you to use your Income Tax and DIRT for the four years from
2013 to 2016. If you choose 2018, you can use the years from 2014 to 2017.
Keep a safe note of both of these codes as you will need to provide them to
your lender. If you are buying your home you will also need these codes for
your qualifying contractor. If you are self-building you will need these
codes for your solicitor. Your contractor or solicitor will require this
information to verify what you have submitted.
Claim stage
Once you have signed the contract for your home, or drawn down the first
part of the mortgage if you are self building, you can make your claim. Login to
HTB through myAccount or Revenue Online Service (ROS) and complete the
following steps below.
Step 1
Upload evidence of your mortgage and the following information about your
application:
property
purchase price
date of completion
mortgage
amount of deposit already paid.
If you are applying with other people you will also need to confirm the portion
of the refund to be refunded to each person. If you are self-building, you will
need to provide the BIC and IBAN of the loan bank account.
Once you have submitted your claim you will be provided with a claim
reference.
Please ensure that you have carefully checked all the information you input
before you sign and submit the claim. If any of the information you have
provided is incorrect you must cancel your claim and submit a new claim with
the correct information before you continue to step 3.
Step 3
Once you have submitted your claim you should advise your developer or
contractor (or solicitor if you are self-building).
Provide them with your claim reference (issued to you after step 2) and access
code (issued to you when you submitted your application). Before you receive
any refund, the information you have provided will need to be verified by the:
Contractors
Contractors who wish to operate the HTB incentive need to provide Revenue
with:
evidence that they are tax compliant. This means that they must have a
Relevant Contracts Tax (RCT) rate of zero or 20%.
their Value-added Tax (VAT) registration details
evidence that they have an up-to-date Tax Clearance Certificate
details of the qualifying properties which they offer, or intend to offer, for
sale during the time that the incentive is available
details of the planning permission for the properties which they intend to
build during the time that the incentive is available
details of the freehold, leasehold estate or interest in the land on which the
qualifying properties are built or to be built
any other relevant information that Revenue need to assess their
application.
To be registered as a 'qualifying contractor' for HTB, contractors must submit
a completed HTB1 form through MyEnquiries in ROS. This should be
submitted using the MyEnquiries category 'Help To Buy Scheme - Contractor
Approval'.