We know that we are experiencing an unprecedented housing shortage.
We know that we are experiencing an unprecedented housing shortage. At this stage, it is accepted that the primary issue is the lack of supply of new homes and apartments for occupation and rent. While the government will continue to struggle to solve the problem in the short term, the crisis can (and will) be solved in the medium term by addressing supply.
Jim Clery, Head of Real Estate at KPMG finds that despite the controversy surrounding its introduction, we are seeing the ‘Help to Buy scheme’ contribute to additional supply of new homes and apartments. If the cost of the measure is considered reasonable, we believe it should be retained and allowed to do its job.
In this article, Jim explores the operation of the Help to Buy scheme. A summary of the relief can be seen at the end of this article.
This article is part of a series from our latest TaxWatch newsletter. Click here to read the full article, or browse the range of latest articles on TaxWatch. To register (first time users) or reset your password, please click here.
© 2017 KPMG, an Ireland partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.