Frances Black (Independent) | Oireachtas source

I move recommendation No. 20:

In page 146, after line 36, to insert the following:“Report on impact of Irish Real Estate Investment Funds on residential property prices

64. The Minister for Finance shall, within six months of the passing of this Act, prepare and lay before both Houses of the Oireachtas a report—

(a) on the impact of Irish Real Estate Funds and the Real Estate Investment Trusts on the Irish property and housing sector, including rental prices and residential and commercial property prices throughout Ireland, and

(b) the effective tax rates paid on the profits of these entities and their shareholders.”.

This recommendation would see the Minister draw up a report on the impact of Irish real estate investment funds on residential property prices. I will not press this recommendation now but would like the Minister to comment on the current plans to report on this and on the effective tax rate paid on the profits of these entities.