Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I might follow up on Deputy Boyd Barrett's point about the rolling-off of profits before we move on to other issues. As the Deputy mentioned, some fund structures that are making annual recurring profits on the back of rental income are not distributing those profits and are therefore not paying any tax. Is there any restriction on the use of recurring annual profits from rental income to reinvest on the capital side in property? The ultimate reason for the strategy of converting all of the annual gain into a capital gain is to make an entirely tax-free exit. Is there any restriction on that?