Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

In his first priority question the Deputy made the point that I should not make any comment that might have consequences for the housing market in how it was structured for those who participated in it. I will abide by that principle in any comment I make on the taxation of rental income in the future, apart from confirming for the Deputy that there is a report on the way on all tax support in the rental market. I expect it to be available to me either before or during the summer. I am discussing the matter with the Minister, Deputy Eoghan Murphy. On what the Deputy said, I make the point that in the analysis offered on REITs to date on the floor of the House the indication is that there is no tax involved in any way. The funds were set up in such a way that they required 85% of the profit is returned to the investor. The investor pays tax. Furthermore, there is a dividend withholding tax, something I did not hear either Deputy Richard Boyd Barrett or Deputy Pearse Doherty acknowledge.

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