Myself and partner are looking to purchase a new build and avail of the help to buy scheme. Made an application with revenue and it stated we were only entitled to €15,400.
Due to covid, our 2020 earnings were extremely low so therefore we didn't pay a lot of tax. Question I have is, if we sign contracts before the end of this year but wait until January to make an new application to the Help to Buy scheme can we use this year's tax amount (2024)instead of 2020 to increase the amount we could get. Or do we wait to sign contracts early 2025..
Due to covid, our 2020 earnings were extremely low so therefore we didn't pay a lot of tax. Question I have is, if we sign contracts before the end of this year but wait until January to make an new application to the Help to Buy scheme can we use this year's tax amount (2024)instead of 2020 to increase the amount we could get. Or do we wait to sign contracts early 2025..