Developers add Section 110 tax loophole to Nama state aid case

Complaint says Nama has competitive advantages including cheaper finance

19th March, 2017
Paddy McKillen

A number of big name developers taking a complaint against Nama to the European Commission have added the agency’s use of the controversial Section 110 tax loophole to their complaint.

Developers Michael O’Flynn, Paddy McKillen, David Daly, Patrick Crean and MKN Property are bringing the complaint, saying they are at a competitive disadvantage due to Nama’s breach of state aid rules with its plans to build 20,000 homes, which they say is beyond its...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Analysis: Homeworking legislation needs careful framing for best results

Emer McLysaght: What if Greg Davies was your boyfriend?

The Profile: Alexei Navalny, Russian opposition leader

Off Message: Putting the con in conspiracy