Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Why are they getting the exemptions? The amendment is for the purpose of clarity. The Minister says the exemption existed already and this clarifies that such an exemption can continue. If I understand correctly, the exemption applies to investment limited funds where those involved are not ordinarily resident in the State.

I ask the Minister of State to explain why the investment limited partnerships get an exemption from capital acquisitions tax, CAT, because they are not resident in the State.