Finance Bill: Investors to be hit with 20% vulture fund tax

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.

It comes after the government was met with intense lobbying from the property industry, who wanted to avoid the imposition of hefty taxes on ...