Oireachtas Joint and Select Committees

Thursday, 2 April 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. John Moran:

It was good investment deal. It touches perhaps on the issue of capital allowances, that it was a tax-led deal - there were significant capital allowances available to any of the investors in that transaction. That is what made it attractive rather than its longer term property fundamentals.

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