Oireachtas Joint and Select Committees

Tuesday, 15 November 2016

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2016: Committee Stage (Resumed)

2:00 pm

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Social Democrats) | Oireachtas source

If one buys a hotel and places it in the ownership of a qualified investment fund, one will not pay tax for seven years. At the end of the seven year period the fund will pay tax. It will then distribute the post-tax profits and a person will pay income taxes on disbursement because it is part of one's income.

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