Nama set to be caught in new tax avoidance net

Controversial property vehicles are main target

Capital Dock, an office development in which Nama had a minority share

Nama will be caught by new tax avoidance rules targeted at wealthy property investors and will be forced into paying Irish tax on millions of euro of revenue arising from its high-profile investments in the Dublin docklands.

Nama is given a general exemption from most forms of income tax, but this has not been extended to its involvement in the controversial property vehicles that were hit with an extra withholding tax in the ...