Oireachtas Joint and Select Committees
Thursday, 11 July 2019
Public Accounts Committee
Business of Committee
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.