Oireachtas Joint and Select Committees

Thursday, 11 July 2019

Public Accounts Committee

Business of Committee

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail)
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The legislation for REITs, through the taxation method of incentivising investment, is a form of social engineering which attempts to move Ireland towards rental accommodation and away from home ownership. Some might agree that is a good policy and some might not, but it means there is an incentive for a large number of properties coming on stream to go into the long-term rental market as opposed to being owned by people.