Sunday July 5, 2020

Savills boss: new tax rules have scared off foreign buyers

Finance workers fleeing Brexit would force locals out of Dublin, Potterton warns

Ian Guider

Markets Editor

@ianguider
15th January, 2017
Angus Potterton

International investors have pulled out of Irish property deals because of a change in tax laws relating to property funds last year, the head of the country’s biggest property advisory firm has said.

Angus Potterton, the managing director of Savills, told The Sunday Business Post that the change, which means foreign investors face a 20 per cent withholding tax, has caused uncertainty among investors and risks damaging the country’s reputation.

“One of...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

As the online debate on trans issues remains heated, those affected by them in the real world are calling for more support, space and understanding. But are their voices being heard?

Colin Murphy | 2 weeks ago

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 2 months ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 2 months ago