2017-21 help to buy scheme - megathread. All help to buy discussion here please

lunamia · 17-01-2017 10:58am

xmazyx wrote: »

Mine took 2 days for it to go through. My understanding is that you need to receive the P21 balancing statement in your PAYE anytime before the Help to buy application will let you submit your application. This took an additional day

Hi xmazyx,

have you:

-Provide the Application and Access codes to your bank so that they can confirm the mortgage details when Revenues ask them to ??

-Provide the Application and Access codes to your builder (or solicitor if you self built) so that they can verify their side of things when Revenue asks them to ??

Do we need to do that as retrospective buyers?

Many thanks

xmazyx · 17-01-2017 11:51am

Hi lunamia,

No I haven't given these details to the Bank or the Builder, I assumed that this is just for applicants who are in the process of buying as a means for the Bank to see that the applicants have been approved by revenue for the scheme and the amount they can claim (so that bank knows what amount they can include in the mortgage application) and that the builder can verify what the revenue will pay him on the purchasers behalf.

My assumption is that seeing as I am a retrospective FTB that the official contract from solicitors and the mortgage statement/offer should suffice. However I sent in all paperwork on 6th of January and haven't heard anything since so could be asked for more info yet, I don't think the revenue themselves even know how they are to process these claims.

lunamia · 17-01-2017 11:55am

xmazyx wrote: »

Hi lunamia,

No I haven't given these details to the Bank or the Builder, I assumed that this is just for applicants who are in the process of buying as a means for the Bank to see that the applicants have been approved by revenue for the scheme and the amount they can claim (so that bank knows what amount they can include in the mortgage application) and that the builder can verify what the revenue will pay him on the purchasers behalf.

My assumption is that seeing as I am a retrospective FTB that the official contract from solicitors and the mortgage statement/offer should suffice. However I sent in all paperwork on 6th of January and haven't heard anything since so could be asked for more info yet, I don't think the revenue themselves even know how they are to process these claims.

Thanks xmazyx...
I've read those things in here and it sounded weird to me indeed.

I did the same of you, everything completed the 13th,
I think the Revenue doesn't know yet how to manage the claim stage. :mad:

ShogunWarrior · 17-01-2017 12:05pm

lunamia I provided the codes to our builder and our broker (to pass to the bank) but it's likely that they don't need them since we're retrospective buyers. It's yet to be seen how the builder/developer verification will happen though my builder's secretary said that in their conversations with Revenue it seems like that part isn't built and may not be ready 'til end of Jan.

lunamia · 17-01-2017 12:14pm

ShogunWarrior wrote: »

lunamia I provided the codes to our builder and our broker (to pass to the bank) but it's likely that they don't need them since we're retrospective buyers. It's yet to be seen how the builder/developer verification will happen though my builder's secretary said that in their conversations with Revenue it seems like that part isn't built and may not be ready 'til end of Jan.

Yes... I think it'll be mid February to get the money back...

pilly · 17-01-2017 1:56pm

andreip wrote: »

to add another scenario:
myself and wife are joint applicants for mortgage and house purchase.
as my wife is unemployed/home care, no income for last 4 years, no home care tax, should I apply as individual for HTB scheme or we need to apply as group membership?

now if we apply as group membership, my wife needs to register for ROS, but on registration form Tax Type/Approval No and Regn. No./ Id No. are requested. I understand Regn No is her PPSN which is ok, but what tax type from below list should she pick as unemployed who wants to register on ROS to progress with HTB group confirmation....

PAYE-Emp
VAT
Environmental Levy
Income Tax
Corporation Tax
CGT
DWT
DIRT
PSWT
SSIA
IUT
LAET
C&E
CAT
RCT
Betting Duty
Air Travel Tax
EVR
C&E
Charitable Donations
Diesel Rebate
PAYE-Emp
Bank Levy
Tax Clearance
Tax Clearance
Tax Clearance
Tax Clearance
VAT MOSS
MOT
FATCA
DAC2-CRS
FATCA
DAC4-CbC

I'm confused.

PAYE Employee.

I would imagine it is beneficial to you to register your wife. Do you not claim her tax credits?

andreip · 17-01-2017 2:10pm

pilly wrote: »

PAYE Employee.

I would imagine it is beneficial to you to register your wife. Do you not claim her tax credits?

Thanks for reply.

Well, as she's a house wife/house care, no income on her side for more than 3 years, so no reason to claim any tax.
She's mentioned on my Revenue taxes, so I presume all her taxes are from my income.
But she doesn't have a PAYE or ROS accounts, only I have PAYE account

The_Conductor · 17-01-2017 2:15pm

andreip wrote: »

Thanks for reply.

Well, as she's a house wife/house care, no income on her side for more than 3 years, so no reason to claim any tax.
She's mentioned on my Revenue taxes, so I presume all her taxes are from my income.
But she doesn't have a PAYE or ROS accounts, only I have PAYE account

This isn't the right place to discuss tax- but the point being made was your wife has tax credits that she can transfer to you- if she does not have income of her own to offset the credits against. I.e. if you contact the Revenue Commissioners and transfer her credits to you- your net pay will increase by a commensurate amount...........

If you want to discuss this- we have a taxation forum which would be the appropriate place to query it.

pilly · 17-01-2017 3:43pm

andreip wrote: »

Thanks for reply.

Well, as she's a house wife/house care, no income on her side for more than 3 years, so no reason to claim any tax.
She's mentioned on my Revenue taxes, so I presume all her taxes are from my income.
But she doesn't have a PAYE or ROS accounts, only I have PAYE account

Okay so she needs to get set up on ROS then. By the sounds of it your jointly assessed.

Fartbox · 17-01-2017 9:27pm

I rang them & asked. The said do the before the 31st of Dec one. As it's to be refunded to you if you paid the deposit.

My contractor isn't registered. I'm freaked.

Mine contract was signed early December and deposit paid, but the other solicitor cosigned Jan. But the date is January all over the documents, we didn't date our signatures.
The revenue can't give me straight answer on that though.
I hadn't see the co signed copy when I asked

Fartbox · 17-01-2017 9:44pm

Was your contractor registered? Mine isn't

There was only 7 on the list today.

davidsr20 · 18-01-2017 11:59am

I'm also on the stage where it says app under review and I have a code. I didn't not send in any paperwork yet as it didn't ask me too yet. Revenue told me they have no idea how to process the app yet and to sit tight they would get back to me. Is there any point sending in the paperwork yet as it will prob ask us too on the next stage?

PedroDublin · 18-01-2017 1:16pm

davidsr20 wrote: »

I'm also on the stage where it says app under review and I have a code. I didn't not send in any paperwork yet as it didn't ask me too yet. Revenue told me they have no idea how to process the app yet and to sit tight they would get back to me. Is there any point sending in the paperwork yet as it will prob ask us too on the next stage?

Same situation here, it has been under review for ten days now. I called them and they told me to wait. Anyway I created an enquiry and send all information already, as I have it I don't mind sending it in advance as they give you the application reference.

morrga · 18-01-2017 2:10pm

PedroDublin wrote: »

Same situation here, it has been under review for ten days now. I called them and they told me to wait. Anyway I created an enquiry and send all information already, as I have it I don't mind sending it in advance as they give you the application reference.

How do you get your application reference number or do you create in the my enquiries page? My wife and I still haven't been able to join our application together i.e. cant see where to accept the others request.

PedroDublin · 18-01-2017 2:31pm

morrga wrote: »

How do you get your application reference number or do you create in the my enquiries page? My wife and I still haven't been able to join our application together i.e. cant see where to accept the others request.

I created on myaccount on revenue.ie, clicking on help to buy. I put her data and when she logged in she had the request to accept it. When you complete the application it gives you a reference number, something like A0000xxx, and is displayed when you log back below the text that says the application is under review

davidsr20 · 18-01-2017 3:13pm

PedroDublin wrote: »

Same situation here, it has been under review for ten days now. I called them and they told me to wait. Anyway I created an enquiry and send all information already, as I have it I don't mind sending it in advance as they give you the application reference.

What paperwork did u send in? We signed contract but I don't have a copy yet. We signed in November house ready march.

bridie · 18-01-2017 3:23pm

Hi,

Just wondering if anyone can tell me what builders are actually registered at the moment for the scheme?

Thanks

Innervision · 18-01-2017 3:54pm

There's a link to a pdf with the list of contractors who have already registered on this page: http://www.revenue.ie/en/tax/it/reliefs/htb/index.html#section5

PedroDublin · 18-01-2017 4:10pm

davidsr20 wrote: »

What paperwork did u send in? We signed contract but I don't have a copy yet. We signed in November house ready march.

Copy of the signed contract, letter from the bank with the mortgage offer, and a word document answering all the requirements they asked for

davidsr20 · 18-01-2017 4:23pm

PedroDublin wrote: »

Copy of the signed contract, letter from the bank with the mortgage offer, and a word document answering all the requirements they asked for

Great. Where do I find the word document

MissElle · 18-01-2017 10:32pm

So at the moment my builder is not on the registered contractors list on the revenue website, I've emailed them to ask for confirmation but haven't heard back yet. I'd be applying as a retrospective buyer...should I bother applying if I don't know for definite that they are going to be participating? The estate agent had leaflets in the showhouse comparing deposits using the scheme so am I right to think they will be but are just not registered yet?

Aph2016 · 18-01-2017 11:28pm

PedroDublin wrote: »

Same situation here, it has been under review for ten days now. I called them and they told me to wait. Anyway I created an enquiry and send all information already, as I have it I don't mind sending it in advance as they give you the application reference.

We applied on the 3rd of Jan and it has been under review since. No response from my enquiries. Very annoying.

CramCycle · 19-01-2017 12:13am

MissElle wrote: »

So at the moment my builder is not on the registered contractors list on the revenue website, I've emailed them to ask for confirmation but haven't heard back yet. I'd be applying as a retrospective buyer...should I bother applying if I don't know for definite that they are going to be participating? The estate agent had leaflets in the showhouse comparing deposits using the scheme so am I right to think they will be but are just not registered yet?

If your a retrospective buyer the contractor has nothing to do with it. The money is paid directly to you. If you read through the list of required details for retrospective buyers on the website (detailed earlier in the thread), all you need is documents that cover the requested details. Not sure why you would not apply?

cronos · 19-01-2017 3:21am

CramCycle wrote: »

If your a retrospective buyer the contractor has nothing to do with it. The money is paid directly to you. If you read through the list of required details for retrospective buyers on the website (detailed earlier in the thread), all you need is documents that cover the requested details. Not sure why you would not apply?

I think even if your a retrospective buyer the builder still needs to on the list. I get that the money does not go directly to them but I think they still need to be on the list.

I can't however see any builder in their right mind not registering. The only reason I could see would be they were seriously non-tax compliant. In which case buying from them might not be the best idea in the first place.

CramCycle · 19-01-2017 7:29am

cronos wrote: »

I think even if your a retrospective buyer the builder still needs to on the list. I get that the money does not go directly to them but I think they still need to be on the list.

I can't however see any builder in their right mind not registering. The only reason I could see would be they were seriously non-tax compliant. In which case buying from them might not be the best idea in the first place.

Admittedly, going by most of the posts on the thread, revenue are not fully there with how the system operates but it just doesn't make sense as revenue don't need those details. There website, to me, seems reasonably clear on this.

mportant notice for Retrospective Customers (purchased/self-built between 19 July 2016 and 31 December 2016) who have completed their applicant stage.
Once you have completed the application stage and are ready to make a claim for a refund, you must login to myAccount/ROS and

Check that the bank details held by Revenue in myAccount/ROS are correct. If you wish to nominate an alternative bank account for the refund you will need to amend the details in myAccount/ROS.
Upload the following required documentation using MyEnquiries. You must quote your application number in my reference.
A signed copy of the contract
Property details
Purchase price
Purchase date/completion date
Mortgage Institution details
Evidence of the mortgage, including the loan-to-value ratio
Details of each first-time buyer (if a group application)
Portion of refund agreed for each first-time buyer (if a group application)

Once your past the applicant stage (personal details, that you qualify, got the authorisation reference number etc.) You just have to upload any documents that give over the requested information. Will update here later if I am wrong (which is quite often).

brian2614 · 19-01-2017 3:50pm

Does anyone know or have an idea how the 5 % will be given back to a person who bought in July 2016
Is it a lump sum or tax rebate
I hope its a lump sum:)

ILikeBoats · 19-01-2017 3:55pm

brian2614 wrote: »

Does anyone know or have an idea how the 5 % will be given back to a person who bought in July 2016
Is it a lump sum or tax rebate
I hope its a lump sum:)

Lump sum into bank account

brian2614 · 19-01-2017 3:56pm

ILikeBoats wrote: »

brian2614 wrote: »

Does anyone know or have an idea how the 5 % will be given back to a person who bought in July 2016
Is it a lump sum or tax rebate
I hope its a lump sum:)

Lump sum into bank account

Your not pulling my leg now are you :woot:

ILikeBoats · 19-01-2017 4:03pm

Utah wrote: »

Going to start the process tomorrow. We bought in November.

Will we be getting a tax credit or a refund lump sum?!

morrga wrote: »

Refund lump sum paid direct to your bank account.

brian2614 wrote: »

Your not pulling my leg now are you :woot:

Nope!

brian2614 · 19-01-2017 4:07pm

ILikeBoats wrote: »

Utah wrote: »

Going to start the process tomorrow. We bought in November.

Will we be getting a tax credit or a refund lump sum?!

morrga wrote: »

Refund lump sum paid direct to your bank account.

brian2614 wrote: »

Your not pulling my leg now are you :woot:

Nope!

Lovely hurling

cronos · 19-01-2017 4:57pm

brian2614 wrote: »

Lovely hurling

What date in July did you sign contracts?

brian2614 · 19-01-2017 7:02pm

cronos wrote: »

What date in July did you sign contracts?

After the 19th

cronos · 19-01-2017 7:35pm

brian2614 wrote: »

After the 19th

Good for you

speranza2 · 20-01-2017 1:34pm

Rang Revenue just there and they said all is approved. Money will be processed to my account on Monday!:D:D Had sent in LTV and loan offer. These were last things they looked for. Sometimes you are beter off ringing them rather than sending in queries. Depends then who you get on the phone.

ILikeBoats · 20-01-2017 1:44pm

speranza2 wrote: »

Money will be processed to my account on Monday!

Brilliant stuff!

We can't get passed the accepting the other person into the group stage. :rolleyes: Despite cancelling and starting again numerous times it won't create a group for us

speranza2 · 20-01-2017 2:25pm

ILikeBoats wrote: »

Brilliant stuff!

We can't get passed the accepting the other person into the group stage. :rolleyes: Despite cancelling and starting again numerous times it won't create a group for us

Did you ring them? Should be no need to be starting and restarting. One of you create the group then each sign up in your own ros account. I think it tells you regardless of which persons account you are in that they are waiting on the other person to be approved. That then sorts itself out. Don't restart application. Ring revenue and explain. See how you get on. It's Friday they might be in better form

cronos · 20-01-2017 2:48pm

speranza2 wrote: »

Rang Revenue just there and they said all is approved. Money will be processed to my account on Monday!:D:D Had sent in LTV and loan offer. These were last things they looked for. Sometimes you are beter off ringing them rather than sending in queries. Depends then who you get on the phone.

Definitely depends on who you get on the phone. I just rang now and all she said was there is a backlog and could take 2 weeks before they get back to me.

CramCycle · 20-01-2017 2:54pm

cronos wrote: »

Definitely depends on who you get on the phone. I just rang now and all she said was there is a backlog and could take 2 weeks before they get back to me.

I rang as well, asked was everything in order as I was a retrospective claimer. He looked through, said it all looks good and has already been approved at their end. I asked how long it would take and he said that it has been sent off to Kilkenny (presume their offices down there), where they do a review on these cases after they are approved. No idea how long that would take.

cronos · 20-01-2017 2:56pm

CramCycle wrote: »

I rang as well, asked was everything in order as I was a retrospective claimer. He looked through, said it all looks good and has already been approved at their end. I asked how long it would take and he said that it has been sent off to Kilkenny (presume their offices down there), where they do a review on these cases after they are approved. No idea how long that would take.

What number did you ring and what digits did you press on their automated system?

CramCycle · 20-01-2017 3:00pm

cronos wrote: »

What number did you ring and what digits did you press on their automated system?

017023011 I have a feeling I said 4 twice. Eventually I just waited on the line for a person as none of the options really were suitable. Stupid voice recognition never hears me right the first few times.

cronos · 20-01-2017 3:07pm

CramCycle wrote: »

017023011 I have a feeling I said 4 twice. Eventually I just waited on the line for a person as none of the options really were suitable. Stupid voice recognition never hears me right the first few times.

Ya got a similar answer from them. Hasn't been processed yet. In the queue, don't know when it will be processed.

ShogunWarrior · 20-01-2017 4:24pm

Just got this in our My Enquiries:

cronos · 20-01-2017 4:51pm

ShogunWarrior wrote: »

Just got this in our My Enquiries:

Same here

pilly · 20-01-2017 4:53pm

cronos wrote: »

Same here

What? You're both called David??

cronos · 20-01-2017 4:54pm

pilly wrote: »

What? You're both called David??

Actually yes. But mine was 6 mins earlier haha

pilly · 20-01-2017 4:55pm

cronos wrote: »

Actually yes. But mine was 6 mins earlier haha

Ah they must be doing all the Davids first.

cronos · 20-01-2017 5:00pm

pilly wrote: »

Ah they must be doing all the Davids first.

Coincidence or alpha order. Or just for people who have rang them up in the last hour or two. I applied 7th Jan and they told me on the phone earlier it could be another 2 weeks, but then I got the message. Could all be a coincidence but I doubt it.

CramCycle · 20-01-2017 5:13pm

Got mine 10 minutes ago. Not called David though.

cronos · 20-01-2017 5:25pm

CramCycle wrote: »

Got mine 10 minutes ago. Not called David though.

Did you ring them recently?

xmazyx · 20-01-2017 5:55pm

I got a message aswell sent all my paperwork in the 6th and called today! was told I was in the queue!

2017-21 help to buy scheme - megathread. All help to buy discussion here please

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