Buying Irish property

What reliefs are available?

Help to Buy (HTB) Scheme

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

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

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

Mortgage Interest Relief

Note

A new temporary one-year mortgage interest tax relief credit was announced in Budget 2024 on 10 October. Revenue will publish further information regarding this new measure in due course.

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 Renovation Incentive (HRI)

HRI was a tax relief for homeowners and landlords. Relief could 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 have been done between 25 October 2013 and 31 December 2018. If you are a landlord, the work must have been done between 15 October 2014 and 31 December 2018. The work must have been completed by a contractor that is tax compliant and Value-Added Tax (VAT) registered.

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