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

These include new limitations on interest expenses to prevent over-leveraging and a measure to combat the artificial avoidance of gains on redemption of IREF units. I have instructed my officials to intensely scrutinise activities in the IREF regime over the coming year, with a view to taking further action if necessary.

I will also make a number of targeted amendments to the REIT regime from today to ensure that an appropriate level of tax is paid on property gains by REITs.

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