Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Not everybody went for it. Not everyone went for the 0%, as Mr. Cody said. Some are paying up.

If we look at Irish real estate fund, IREFs, the assets they hold have increased dramatically. In 2022, assets held by IREFs stood at €28.1 billion. It was less than one third of that in 2018. It is a 14% increase on the previous year but a 209% increase on 2019. There has been an explosion in the value of the assets IREFs hold. We know their operating profits have also increased substantially, yet, IREFs' taxable amount in 2022 was the lowest of any of the years from 2018 to 2022. Does Revenue have an understanding of the reasons for this fall in tax paid with respect to IREFs?