Friday February 28, 2020

Finance Bill: We’re finally keeping it real

The withholding tax on property vehicles is exactly what we need – and will weed out the vulture-fund chancers from the proper investors

23rd October, 2016

Are we witnessing the beginning of the end of yet another sorry saga in Irish economics and finance? Will the Finance Bill, which slapped a right and proper 20 per cent withholding tax on the profits of property funds, signal a shock selling of Irish commercial property?

If it does, and prices tumble, we should rejoice in falling values of commercial property in the capital. When the property market is owned by a small number of...

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