Tuesday September 29, 2020

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

9th May, 2015
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....

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