{"id":1163,"date":"2020-09-03T12:48:35","date_gmt":"2020-09-03T11:48:35","guid":{"rendered":"https:\/\/www.socialdemocrats.ie\/time-to-end-special-tax-breaks-for-institutional-investors\/"},"modified":"2020-09-03T12:48:35","modified_gmt":"2020-09-03T11:48:35","slug":"time-to-end-special-tax-breaks-for-institutional-investors","status":"publish","type":"post","link":"https:\/\/www.socialdemocrats.ie\/ga\/time-to-end-special-tax-breaks-for-institutional-investors\/","title":{"rendered":"Time to end special tax breaks for institutional investors"},"content":{"rendered":"<p>Social Democrats Housing spokesperson and Dublin Bay North TD, Cian O\u2019Callaghan, is calling on the Minister for Finance to end the special tax treatment for institutional investors like Real Estate Investment Trusts (REITs).<\/p>\n<p>Deputy O\u2019Callaghan said:<\/p>\n<p>\u201cThe Government must scrap the favourable tax treatment for institutional investors. A report from the industry this week highlights that there is a considerable build-up of investor liquidity.<\/p>\n<p>\u201cIt is thought that in the region of \u20ac1bn will be invested in Irish property assets in the coming months. In particular, there is a demand from investors for properties that can be rented to local authorities as social housing.<\/p>\n<p>\u201cGiven this build-up of liquidity, the Government\u2019s case for treating these investors differently has vanished. The Minister for Finance must end these tax breaks in next month\u2019s Budget. The additional tax collected as a result should be used to build public housing on public lands.\u201d<\/p>\n<p><strong>September 3, 2020<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Social Democrats Housing spokesperson and Dublin Bay North TD, Cian O\u2019Callaghan, is calling on the Minister for Finance to end the special tax treatment for institutional investors like Real Estate Investment Trusts (REITs). Deputy O\u2019Callaghan said: \u201cThe Government must scrap the favourable tax treatment for institutional investors. A report from the industry this week highlights [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1055,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[278,7],"tags":[],"class_list":["post-1163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cian-ocallaghan","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Time to end special tax breaks for institutional investors - Social Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.socialdemocrats.ie\/time-to-end-special-tax-breaks-for-institutional-investors\/\" \/>\n<meta property=\"og:locale\" content=\"ga_IE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Time to end special tax breaks for institutional investors - Social Democrats\" \/>\n<meta property=\"og:description\" content=\"Social Democrats Housing spokesperson and Dublin Bay North TD, Cian O\u2019Callaghan, is calling on the Minister for Finance to end the special tax treatment for institutional investors like Real Estate Investment Trusts (REITs). 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