Dáil Éireann Debate, Tuesday - 7 February 2017
193. Deputy Michael McGrath asked the Minister for Finance if his attention has been drawn to whether any other State bodies or agencies, apart from NAMA, under his Department's remit have been using the section 110 tax structure; and if he will make a statement on the matter. [6047/17]
View answerHaving consulted with the eighteen bodies under the aegis of the Department of Finance, I have been advised that in addition to NAMA, the National Treasury Management Agency (NTMA) and IBRC (in Special Liquidation) are the only other bodies which have been using the section 110 tax structure. As controller and manager of the Ireland Strategic Investment Fund, the NTMA is party to a number of investments which involve section 110 tax structures. Prior to liquidation I am aware that IBRC had set up section 110 companies but the Special Liquidators have confirmed that no section 110 companies have been set up since their appointment in February 2013.
