Budget move on vulture funds could affect AIB’s loan book sale
Project Alder’s €1bn book of non-performing loans expected to be sold by end of this year
AIB’s ongoing loan book sale may be caught up in the government’s Budget Day changes to crack down on the tax structures used by vulture funds.
In the budget, the government announced that it would reduce the amount of debt that could be used to acquire assets to 50 per cent in a bid to ensure that funds paid tax.
Senior property market sources said bids for Project Alder, AIB’s non-performing loan...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Willie O’Reilly: A long overdue reckoning for the giants of social media
The recent events in Washington DC have seen Facebook and Twitter diving for cover as they try to wash their hands of responsibility. It won’t work
Analysis: Fine Gael and Sinn Féin trade blows as if it’s an election year
Each party criticised the other’s response to Covid-19 and the social housing crisis in tit-for-tat exchanges in the Dáil
Comment: We should double Services Sites Fund to drive down cost of affordable housing in Dublin
The new shared equity scheme is meant to benefit first-time buyers but still places home ownership out of reach for many in our capital while rents also remain high
Susan O’Keeffe: Vaccination programme needs to be treated as a national emergency
Poor planning has beset Ireland’s fight against Covid-19 from the start, and we are still lacking