Commercial Property

Revealed: Investment funds behind €28bn of property slash tax bill despite government clampdown

Tax receipts for Irish real estate funds have fallen despite the entities boosting the value of their Irish assets by more than €8 billion since 2020

As part of Budget 2020, Paschal Donohoe, then finance minister, said that some of these Irefs “have engaged in aggressive behaviour to avoid tax” and introduced measures to limit their ability to avoid tax