Eoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

As it stands, if one is an Irish investor and the distribution is made at the seven or eight year mark, one will pay at a rate of 41% on the distribution. If one is non-resident, one will not pay anything. The set-up on an investment in a property abroad depends on the arrangements made between the two jurisdictions. It is my understanding that the Deputy's example in New York would not apply in the case of the United Kiingdom. It depends on the two jurisdictions and where the investment is made.