Budget 2020: Changes to property taxation will hit transactions

Budget 2020: Changes to property taxation will hit transactions

Investors will tire of being constantly targeted and we may find it very difficult to attract them back

The Irish economy has experienced significant growth over the last number of years and the real estate sector has benefited significantly. We have been experiencing an increased level of interest in Irish property, particularly from foreign investors.

However, the budget measures have targeted real estate again, bringing in very significant changes in relation to the taxation of property, which affect many foreign and institutional investors. Some of these measures were anti-avoidance, but mainly just a...

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