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

27th October, 2019

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!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Susan O’Keeffe: One Nation One Britain anthem strikes the wrong note

Brexit Susan O'Keeffe 17 hours ago

Eugene Kiernan: China was the ghost at the G7 feast

World Eugene Kiernan 3 days ago

Analysis: National Maternity Hospital issue is challenging for FG as by-election approaches

Nadine O’Regan: Fishing for compliments at our own funerals