Eoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

I move amendment No. 42:

In page 43, line 27, to delete "the IREF profits" and substitute "the IREF profits, including any retained IREF profits,".

The amendments relate to the Irish real estate funds, IREFs. In particular they relate to the calculation of the IREF taxable amount. The amendments are largely technical in nature, in that they correct the drafting to ensure that the formula for calculating the amount on which the 20% IREF withholding tax applies, operates correctly. These amendments ensure that the profits earned before this section takes effect are included correctly in the formula.

I commend the amendments to the House

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