Buying Irish property

  1. Overview
  2. What taxes do you need to pay?
  3. What reliefs are available?

What reliefs are available?

Help to Buy (HTB) Incentive

If you are a first-time buyer, this incentive will help you towards the deposit you need to buy or build a new home.

The incentive gives you a refund of the income tax and Deposit Interest Retention Tax (DIRT) you paid over the previous four tax years.

The incentive applies if you buy or self build a new residential property as your main home between 19 July 2016 and 31 December 2019.

See the Help to Buy (HTB) incentive section for more information.

First-Time Buyers (FTB) Relief

You pay DIRT on interest you receive on your savings in financial institutions such as banks and building societies.

If you are a first-time buyer that buys or self builds a property to live in, you may be able to claim a DIRT refund.

The FTB is relief applied to homes bought or self-built between 14 October 2014 and 31 December 2017.

See the First Time Buyers’ (FTB) relief section for more information.

Mortgage Interest Relief

Mortgage Interest Relief is tax relief on the interest you pay on a qualifying mortgage on your home.

A qualifying mortgage is a secured loan used to purchase, repair, develop or improve your sole or main residence. Your sole or main residence is the property that is your home for the majority of the year.

Mortgage Interest Relief is given by your mortgage provider by reducing the amount of your mortgage repayment by the amount of the tax relief due. The relief only applies to mortgages taken out before 31 December 2012.

See the Mortgage Interest relief section for more information.

Home improvement loans

You can claim tax relief on the interest paid on a loan used to purchase, repair, develop or improve your main residence. Your main (or sole) residence is the property that is your home for the majority of the year.

The relief only applies to loans that were approved, and at least partly used, before 31 December 2012. Relief is not available on loans used to buy furniture or removable fittings such as curtains and carpets.

Home Renovation Incentive (HRI)

HRI is a tax relief for homeowners and landlords. Relief can be claimed as a tax credit on the cost of repairs, renovations and improvement work done on your main home or rental property.

If you are a homeowner, the work must be done between 25 October 2013 and 31 December 2018. If you are a landlord, the work must be done between 15 October 2014 and 31 December 2018. The work must be completed by a contractor that is tax compliant and Value-Added Tax (VAT) registered.

See the Home Renovation Incentive (HRI) section for more information.