Finance Bill: Investors to be hit with 20% vulture fund tax
Help-to-buy scheme will require only 70% mortgage
Today's Finance Bill contains a new regime targeting vulture funds, which will now have to deduct 20 per cent in tax when certain types of holdings are transferred to non-resident investors.
The change – published this afternoon – will apply to accounting periods beginning on or after January 1.
The bill also includes previously announced changes to section 110 companies, who the Sunday Business Post revealed in July routinely pay tiny sums in tax. The changes mean that they...
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