Wednesday, September 22, 2021
Landlords

Irish property tax changes likely disappoints foreign investors

Proposed changes to the tax regime governing property investment have highlighted the need for a coherent long-term tax policy for Irish property.

Tax certainty is a cornerstone of Ireland’s strategy of foreign direct investment. Therefore, the proposed changes to regulated fund vehicles may disappoint foreign investors. While the changes are understandable in the evolving international tax scenario, the fact remains that the country needs to continue to attract and retain foreign investors in order to have a fully functioning market.

The past two months have seen much engagement between key stakeholders regarding the role of regulated fund vehicles in the Irish property market. With the publication of Thursday’s Finance Bill, planned changes to the taxation of non-residents are now known.

Important:

The articles are for information purposes only and Invest for Property shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.

Invest for Property does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

Leave a Reply

17 − 9 =