Revenue opens review into decline in taxes paid by large property funds
Rate paid by large property investors has fallen from 17.9 per cent in 2020 to 5.9 per cent last year
A dramatic decline in taxes paid by large investment property funds has prompted a review by the Revenue Commissioners.
Institutional investors nearly doubled their profits in 2021 but the effective rate of tax they paid fell from 17.9 per cent in 2020 to 5.9 per cent in 2021, prompting Revenue to scrutinise their returns.
New data released by Revenue has shown that the effective tax rate has fallen to 5.9 per cent after Irefs paid ...