Opposition accuses Taoiseach of reversing position on funds bulk buying homes to lease to state

Leaders of Sinn Féin and Social Democrats follow up on Business Post story which revealed that bulk-buying funds who lease to the state are exempt from new 10 per cent stamp duty

Daniel Murray

Political Correspondent @danieltmurray
6th July, 2021
Opposition accuses Taoiseach of reversing position on funds bulk buying homes to lease to state
Mary Lou McDonald, the Sinn Féin leader, said the Taoiseach was ‘content to allow funds rip off citizens’. Picture: Rollingnews.ie

Housing dominated leaders questions again, with the Taoiseach accused by opposition leaders of reversing his position on institutional funds bulk buying new houses for the purpose of leasing them back to the state.

A Business Post report last Sunday revealed a new amendment had been tabled to the Finance (Covid-19 and Miscellaneous Provisions) Bill 2021 to exempt institutional investors from the new 10 per cent stamp duty in circumstances where those houses are bought...

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