Ireland:
State Sees Slowdown In Irish Property Funds After Tax Move
03 August 2017
Maples Group
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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.
http://www.irishtimes.com/business/commercial-property/state-sees-slowdown-in-irish-property-in-funds-after-tax-move-1.3173387
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