Property Funds
Reason for dramatic fall in taxes paid by Irefs ‘yet to be identified’
A review by the Revenue Commissioners into the sharp decline in taxes paid by Irish real estate funds will not be completed until late 2023
The reason behind the dramatic decline in taxes paid by large investment property funds is unknown and “has yet to be verified”, Department of Finance officials have said.
The comments are contained in new records released under freedom of information. They come as the Business Post has learned a review by the Revenue Commissioners into the significant decline in taxes paid by Irish real estate funds (Irefs) will not be completed until late 2023.
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