Banks which pursue struggling borrowers to the end and repossess their homes could face an unexpected bill from the taxman - in the form of the new local property tax.
A Revenue Commissioners spokeswoman confirmed that, in the case of repossessions, the bank would have to pay the controversial tax. "The bank would be the liable person in relation to a property that it had repossessed," the spokeswoman said.
She added that, in such a...
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