HTB property

chases0102 · 2021-05-04 11:42:50

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.

04-05-2021 12:42PM

#1

chases0102

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Join Date: October 2012

Posts: 881

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.

0

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#2 04-05-2021 12:47PM

Creamy Goodness

Registered Users, Registered Users 2 Posts: 26,453 ✭✭✭✭

Join Date: November 2001

Posts: 25582

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.

0