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Eamonn Farrell/Photocall Ireland

Saving to buy your first home? Michael Noonan had some good news for you...

First time buyers will get a refund on the money they saved for their deposit.

IF YOU ARE looking to buy a house over the next year, you’ll be happy to hear about a new initiative Finance Minister Michael Noonan announced today.

As part of Budget 2015, he said first-time buyers will receive a refund of DIRT (Deposit Interest Retention Tax) on their savings, worth up to 20% of the purchase price. DIRT, at the rate of 41%, is currently deducted at source by banks from interest paid on savings.

This change essentially means that buyers will get back the the interest on the money they saved for the deposit for their new home. Noonan said he expects the banks to offer specific products for this section of the market.

The refund will apply from tonight and will run until the end of 2017.

In his Budget 2015 speech, the minister said the property market is “not currently meeting the needs of our citizens” and this is just one of the initiative being introduced to address this.

First published 3pm

Catch up on the rest of Budget 2015>

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22 Comments
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    Mute Huey
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    Jul 19th 2020, 8:01 AM

    Wow. RTE Celebrities complaining that the world doesn’t love their podcasts.

    Newsflash. Your not in Montrose now Toto.

    136
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    Mute Ned Gerblansky
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    Jul 19th 2020, 9:25 AM

    You’d get a bit tired of listening to hours and hours of content talking about mental health

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    Mute Sam Harms
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    Jul 19th 2020, 9:35 AM

    @Ned Gerblansky: Bressies podcast is actually very interesting, and very helpful, which is why it’s won an award.

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    Mute D'oh
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    Jul 19th 2020, 10:12 AM

    @Ned Gerblansky: Yip, while people with mental illness are struggling because mental ” health” is taking away valuable resources. Learn how to meditate, exercise and become more resilient. It’s pretty simple and it’s free.

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    Mute D'oh
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    Jul 19th 2020, 10:19 AM

    @Ned Gerblansky: Now they’re whining that they can’t make money from it. FFS.

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    Mute Sam Harms
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    Jul 19th 2020, 10:50 AM

    @D’oh: where do you see them whining?

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    Mute Dub Cell
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    Jul 19th 2020, 8:55 AM

    Blindboy isn’t talented. Take the bloody bag off your head, it was funny for 5 minutes, 10 years ago

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    Mute Tom
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    Jul 19th 2020, 9:01 AM

    @Dub Cell: he doesn’t do it to be funny. Also, I think 2 best selling books, constant sold out live podcasts and a listenership of over 1m people each week will say otherwise.
    You wouldn’t know talent if it smacked you in the face

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    Mute Minamino
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    Jul 19th 2020, 9:07 AM

    @Dub Cell: could you be more wrong!?

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    Mute D'oh
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    Jul 19th 2020, 9:53 AM

    @Tom: He’s spouting out populist dseudo intellectual drivel.

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    Mute Dub Cell
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    Jul 19th 2020, 11:47 AM

    @Tom: it’s a matter of opinion Tom, I’m entitled to mine as you are to yours. I feel he jumps on bandwagons (gretha) and uses intellectual sound bites which appeals to his liberal followers. He made a song called “horse outside” ffs, he’s hardly Christopher Hitchens material

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    Mute sean o'dhubhghaill
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    Jul 19th 2020, 11:52 AM

    @Dub Cell: I heard an interview with Blindboy on the radio about 2 years ago (Guess what, it was dealing with mental health!). Inside about 20 minutes, in an effort to agree with opiniond coming in from listeners, he contradicted himself twice.

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    Mute Shaner Mac
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    Jul 19th 2020, 8:09 AM

    How can he win in the British Podcast Awards when he’s Irish? Are the Brits at it again?

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    Mute ed w
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    Jul 19th 2020, 8:06 AM

    podcasts are so last decade !

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    Mute Sean Bradley
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    Jul 19th 2020, 12:08 PM

    @ed w: No, they are the future, so much to listen to and you can pick and choose what you want and when you want, and they are not restricted by radio rule and you can support them if you want. Haven’t really listened to a radio show in ages.

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    Mute Conall
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    Jul 19th 2020, 9:27 AM

    I suppose the reason podcasts are not included in the JNL RADIO listeners figures is in the name. It’s a different medium. Listening to a podcast is a more focussed and deliberate activity than listening to the radio, which might be just on in the background, being listened to by multiple people. What advertisers need is a JNLP statistic.

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    Mute Dave Hammond
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    Jul 20th 2020, 9:39 AM

    @Conall: The article misses pointing out a very important fact …the JNLR research costs thousands and thousands of euro to conduct the listenership survey and compile the ratings – this is paid for (jointly -the hint is in the title ) by radio stations who use the findings to sell advertising – are the podcasters going to contribute and pay for the research to be commissioned or included in JNLR – somebody has to actually fund the research it is not free – and the model that evolved for radio made perfect sense to get it ot this point – makes sense to ask now HOW to move forward but just reads like having a rant without addressing the key issue -how much Poscasters are willing to who wants to actually PAY for the research to be commissioned – there is a big shift underway in terms of listening habits and a similar shift required in terms of the model to monetize podcasting etc

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    Mute Valthebear
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    Jul 19th 2020, 3:17 PM

    Can’t take Breslin seriously. Tired of z listers pushing this stuff. RTE isn’t much better with its rampant nepotism over the years.

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