Revenue labels house buyers’ Dirt refund scheme ‘a nightmare’

9th May, 2015
4
The first-time buyers Dirt tax scheme aimed to reduce the pressure on home buyers with tax reliefs, but took weeks of internal deliberation before it was finalised Bryan Meade

It was designed to help offset the Central Bank’s strict new mortgage lending rules.

However, confidential documents reveal that the Irish tax authority branded the government’s scheme to exclude first-time buyers from Dirt tax on savings to fund a house purchase as a “nightmare”.

Internal correspondence between Revenue officials following last year’s budget reveal prolonged discussion over who would administer the tax scheme and how it would operate....

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Comment: How the FAI could have avoided the lasting damage of Videogate

Sport Paddy O'Dea 1 day ago

Latest lockdown news is deflating for everyone, but there is an end in sight

Colin Murphy: In law, we are closer to house arrest than a 5km limit

O’Brien, the reluctant media tycoon, is finally free to focus on his telecoms business