Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Ireland has primary taxing rights over property. We have established the principle under the legislation that income arising from an IREF asset should be treated as income from immovable property and subject to the full 20% dividend withholding tax, so that regardless of location there is no way to get out of the 20% withholding tax.

However, if one owns less than 10% of the fund, there is a way of reducing one's liability in respect of the income from that property to the State.