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HTB property

  • 04-05-2021 11:42am
    #1
    chases0102
    Registered Users, Registered Users 2 Posts: 1,068 ✭✭✭


    Hi there,

    Just wondering if anyone knows the answer to this.

    If you sell a property that you bought on HTB scheme, are you penalised? I thought I remember there being a financial penalty, but I can't remember exactly nor could I find online.

    Just wondering if anyone knew off-hand.


Comments

  • #2
    Creamy Goodness
    Registered Users, Registered Users 2 Posts: 26,584 ✭✭✭✭Creamy Goodness


    chases0102 wrote: »
    Hi there,

    Just wondering if anyone knows the answer to this.

    If you sell a property that you bought on HTB scheme, are you penalised? I thought I remember there being a financial penalty, but I can't remember exactly nor could I find online.

    Just wondering if anyone knew off-hand.

    They claw back 20% for each year under 5 years after you sell.

    1 year - 80%
    2 years - 60%
    3 years - 40%
    4 years - 20%
    5 years - no clawback.


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