I will begin with their tax treatment in the application of capital gains tax, or, more to the point, how that tax does not apply to them. These funds pay no corporation tax on their rental profits and no capital gains tax on the disposal of their assets.
The figure was again regurgitated on the radio by the Minister of State, Deputy Fleming, who claimed that on any profits being made there is a tax of 20% or 25% depending on the structure and any profits that they make are taxed at that higher rate, double the rate of corporation tax. It is not as simple a contention as saying a REIT does not pay tax and thereby creating the impression that no tax is associated with how income is distributed from a REIT to people who invest in it, but tax is paid.
Key terms by TF-IDF across 13,572 words from 12 speakers. The summary quotes the highest-scoring sentences verbatim — nothing is paraphrased.
Tellers: Tá, Deputies Pádraig Mac Lochlainn and Aengus Ó Snodaigh; Níl, Deputies Jack Chambers and Brendan Griffin.
| Question | Result | Tá–Níl |
|---|---|---|
| Amendment put: | Lost | 44–69 |
| Amendment put: | Lost | 46–69 |
| Amendment put: | Lost | 45–64 |
| Amendment put: | Lost | 46–67 |
| Amendment put: | Lost | 47–64 |
| Amendment put: | Lost | 46–65 |
| Question put: | Carried | 68–42 |
| Amendment put: | Lost | 47–63 |
| Amendment put: | Lost | 48–60 |
Party shown is the one each member held on 2021-12-02, frozen by a dated join — not their party today. The Oireachtas API publishes no date of birth and returns an empty gender field for every member in this period, so no age or gender breakdown is shown.