The Act of 1997 is amended in section 477C by inserting the following subsection after subsection (5):
"(5A) Where an individual has, in that part of the qualifying period beginning on 23 July 2020 and ending on 31 December 2020, either -
(a) entered into a contract with a qualifying contractor for the purchase by that individual of a qualifying residence, that is not a self-build qualifying residence, or
(b) drawn down the first tranche of a qualifying loan in respect of that individual’s self-build qualifying residence,
paragraph (a) of subsection (5) shall apply subject to the following modifications:
(i) in subparagraph (i) of that paragraph, ‘€30,000’ shall be substituted for ‘€20,000’;
(ii) in subparagraph (iii) of that paragraph, ‘10 per cent’ shall be substituted for ‘5 per cent’.".