Irish real estate funds, or Irefs – the vehicles established in 2017 to channel foreign investment into Irish property and taxes to Revenue – are under pressure. They are under pressure from Sinn Féin. The main party of opposition pledged in the 2020 campaign to increase dividend taxes on Irefs from 25 to 33 per cent, apply a 33 per cent capital gains tax to Irefs, and apply the full rate of commercial stamp duty to Irefs. The government is also keeping a close eye on Irefs. In his budget 2023 speech, Finance Minister Paschal Donohoe announced a further review of…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €50.

Subscribe

Cancel at any time.

Are you already a member? .