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First-time buyer questions

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  • 16-05-2015 12:59pm
    #1
    pasquale83
    Registered Users Posts: 477 ✭✭


    I am a first time buyer (FTB) and a foreign national. I would like to understand which are the reliefs I am entitled to and some more information about any constraints I have being a FTB.

    I know that TRS is not any more available for purchases made after Jan, 1st 2013. Is there any other reliefs I can claim? I already know about DIRT refund.

    Being a foreign national I can move in another country if I get a job elsewhere and my plan would be to rent the house then. Is there any constraint on that?

    Thanks in advance for your answers.


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    #2
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,279 Mod ✭✭✭✭The_Conductor


    The major benefit is that the deposit you need is less than for any other purchaser category (at 10%). You already know about the DIRT relief. Thats pretty much it. You have to pay property tax etc- which you'll continue to have to pay whether or not you are resident in the property. There are no restrictions on you letting the property- if you leave the country- but for goodness sake- make sure you have an agent who is thoroughly familiar with Irish tenancy law- and abides by it. Its very basic legislation- but a ridiculous number of people seem to make a haemes of it.


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