Cober17 wrote: » Hi all, Has anybody done your claim as a retrospective buyer (purchasing date 2016) and selecting the same 2016 as one of the year for claiming back the taxes? I just ask because it is better for myself to include 2016 between the years to be claimed (although I bought in 2016). In the application stage, the system let me choose 2016 but I don't know if in the claiming stage they will reject the application. I called to Revenue asking this, but they don't have a clue. They told me to apply and then wait to see if my claim is not rejected (:mad: unbelievable) Thanks
Jellybaby17 wrote: » We really need it back as we never intended to use full 10%for deposit and it's needed for something else unfortunately
metricspaces wrote: » If you put down 10%, then you just need your mortgage to be 85%. Builder gets remaining 5% from Revenue - don't see where the issue is here?
RootX wrote: » All I can tell you is that's not how the process is meant to work, according to the Revenue website. If you put down the full 10%, will Revenue accept that and still issue a refund to the builder? and what happens next, is the builder going to refund you? It's a pickle alright, silly they don't stick to the Revenue process. What does your solicitor say?
bigpete32 wrote: » No clue how to PM on this but if you can PM me Ill reply with details.
Wopp wrote: » Happened to us, how we are fixing it is the solicitor will only give over the remaining amount after the mortgage is drawn down and refund us the difference. Turns out to be the same amount as his fee so thats handy!
Jellybaby17 wrote: » I know it's not meant to work that way at all but that's the way they are trying to do it. I think they would give it back st the end yes. I don't even know how to apply for it if that's the case It's terrible that builders are not using this scheme in good faith
pilly wrote: » SMF17 wrote: » RootX - cheers for that! Now if only the two developers we have looked at so far were registered :sick: I thought that all developers had to register? Surely it's not in their interests not to register?
SMF17 wrote: » RootX - cheers for that! Now if only the two developers we have looked at so far were registered :sick:
Jellybaby17 wrote: » Our builder wants the full 10% deposit from us upfront and we can claim rebate later How are we meant to do that?
RootX wrote: » You're supposed to put down the balance, full deposit minus the Revenue rebate. The rebate is paid directly to the contractor so if everybody is onboard with how the process is outlined and supposed to work, you are not supposed to pay the full 10%.
RootX wrote: » SMF17 wrote: » This has probably been covered already but I'm a bit confused - am I right in thinking people have to put down the full 10% deposit themselves and the rebate follows? I thought the whole idea was to help with/put towards deposit? Excuse me if I've got this totally wrong and dragging up old news! You're supposed to put down the balance, full deposit minus the Revenue rebate. The rebate is paid directly to the contractor so if everybody is onboard with how the process is outlined and supposed to work, you are not supposed to pay the full 10%.
SMF17 wrote: » This has probably been covered already but I'm a bit confused - am I right in thinking people have to put down the full 10% deposit themselves and the rebate follows? I thought the whole idea was to help with/put towards deposit? Excuse me if I've got this totally wrong and dragging up old news!
ec18 wrote: » Revenue don't require HTB in the contract, but if the clause isn't inserted and something were to go wrong with the application you would be liable to pay the full amount (purchase price of the house)
janeybaby wrote: » Would really appreciate if anybody could advise what clause was added to referencing HTB to their contract?
bigpete32 wrote: » You are correct, But i wanted to use the 5% rebate to to pay to fit out the house, thats my issue, I am currently negotiating with the contractor to get him to refund me that part of my deposit. In relation to the contract, as soon as I mentioned the HTB to the solicitor het want back to contractors to have it inserted in the the contract. I would imagine from your own point of view you would want the contract to reflect the HTB especially as you are signing that money over to the contractor. Sorry if I gave the wrong info in relation to the revenue, Just what my solicitor said.
metricspaces wrote: » You were paying the 10% deposit yourself and using the 5% to pay the remainder on completion? What exactly did you have to change in your contract? I have not read any information from Revenue that mentions anything to say the contract must reference HTB.
bigpete32 wrote: » Yeah I think it's a requirement from the revenue. Not 100% but we had to change our contract
metricspaces wrote: » Is anyone simply paying their 10% deposit out of their own funds, and telling the builder that the remaining 90% will made up of 5% from Revenue and 85% from yourself? In this scenario, is there any point or need to add something to the contract that refers to HTB scheme?
bigpete32 wrote: » The contractors solicitors normally date the contract when they sign it. So in all likelihood it will be dated this year but you wont know till they send you the contract.
