Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

No. REITs are excluded. Deputy Boyd Barrett probably understands the REIT system. They are exempt from tax within the REIT on condition that they distribute 85% of profits to their shareholders. As they do not pay tax within the REIT, there is no tax deductability on the interest within the REIT, so they are excluded.

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