In recent times there has been a welcome return to activity in
the Irish real estate market. Overseas investors have been circling
and private equity groups have started investing heavily in Irish
real estate amid confidence that the Irish economy has stabilised
and is returning to growth.
In this briefing we explore some of the tax measures which have
been introduced in Ireland, including the opportunities that Irish
vehicles can offer to international investors in Irish and
non-Irish real estate and mortgagebacked loans.
Taxation of Irish Real Estate: The Basics
Like many jurisdictions Ireland levies tax on the acquisition of
Irish real estate (stamp duty and potentially VAT), on rental
income derived from Irish real estate (income tax / corporation tax
and potentially VAT), and on the disposal of Irish real estate
(capital gains tax) including by way of gift or inheritance
(capital acquisitions tax). Local property tax has also been
recently introduced on
