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Query Regarding Rural Renewal Scheme

  • 01-03-2010 6:00pm
    #1
    Sisu200
    Registered Users, Registered Users 2 Posts: 155 ✭✭


    Hi,

    I would appreciate some help here,

    I am a FTB and am currently looking at purchasing a house that is 2 1/2 years old, The house is Subject to the Rural Renewal Scheme,

    Can I claim this Relief on this house for the remaining time of 7 1/2 years or am I not eligible because of the fact that the current owners are claiming it?

    I cannot get a straight answer from anyone,

    Thanks

    Sisu;)


Comments

  • #2
    Victor
    Registered Users, Registered Users 2 Posts: 78,580 ✭✭✭✭Victor


    Best person to talk to would be a solicitor or accountant who has dealt with the scheme. Also check with the revenue commissioners if they have any guidance leaflets. www.revenue.ie

    Be wary of paying too much for a property based on its tax benefits - you might not be paying tax the way the economy is.


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