First time buyers missing out on tax rebate

Potential first time buyers in Cavan and Monaghan are missing out on housing related tax relief. Research from Taxback.com has shown that 57% of people are unaware of the Help to Buy scheme that was introduced in 2017 to help first time buyers save for their first home.

Both Cavan and Monaghan have ranked among the counties with the lowest number of applications to the scheme, with 92 in Cavan and 91 in Monaghan.

The scheme allows applicants to seek a tax rebate of up to five percent which can be used to help fund a deposit on a home.