Revenue eBrief No. 220/23

18 October 2023

Help to Buy (HTB)

Tax and Duty Manual Part 15-01-46 - Help to Buy (HTB) has been updated to reflect changes to the HTB scheme to enhance its interaction with the Local Authority Affordable Purchase Scheme.  The changes, which were announced in Budget 2024, are effective from 11th October 2023.

The main changes are as follows:

  • A new paragraph 7.4.1.  Affordable Dwelling Contribution has been added to outline how the loan-to-value ratio is calculated for HTB applicants also participating in the Local Authority Affordable Purchase Scheme. Examples 12 and 13 have been updated to reflect the new rules, which apply for those who have signed contracts to purchase a qualifying property on, or after, 11th October 2023.
  • Paragraph 11.2.  Claim Stage has been updated to clarify the documents which are required to be uploaded by a HTB applicant at claim stage of the HTB process.