09 October, 2019 in Industry News

Republic of Ireland Budget 2020 - Anti-Avoidance

Minister of Finance, Paschal Donohoe, delivered his 3rd budget today, 8th October.


  • Irish Real Estate Funds (IREFs):
    • an introduction of limitations on interest expenses to prevent over-leveraging
    • measure to combat the artificial avoidance of gains on redemption of IREF units
  • Real Estate Investment Trusts (REITs):
    • The distributions of proceeds from the disposal of rental properties will be subject to dividend withholding tax
    • Deemed disposal and re-basing of property values when a company ceases to be an REIT will only apply when the REIT has been in operation for at least 15 years.
  • He announced reforms to the transfer pricing provisions to ensure that they are in line with OECD standards which will apply from 1 January 2020.

Back to Summary of Republic of Ireland Budget 2020.

A PDF version of the Republic of Ireland Budget 2020 - Summary of Facts is available to download.

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