ARTICLE
3 August 2017

State Sees Slowdown In Irish Property Funds After Tax Move

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Maples Group

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The Maples Group is a leading service provider offering clients a comprehensive range of legal services on the laws of the British Virgin Islands, the Cayman Islands, Ireland, Jersey and Luxembourg, and is an independent provider of fiduciary, fund services, regulatory and compliance, and entity formation and management services.
Central Bank data shows that the quarterly increase of Irish real estate held by funds in the State slowed to 3 per cent in the first quarter of 2017, to €13.7 billion.
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Central Bank data shows that the quarterly increase of Irish real estate held by funds in the State slowed to 3 per cent in the first quarter of 2017, to €13.7 billion.

It is too early yet to draw any conclusions but certainly something to keep on your radar.

The level of growth of Irish property in previously ultra tax-efficient funds slowed down in the first quarter of this year, following a clampdown on the use of such vehicles to shield real estate from the taxman, according to the Department of Finance.

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