Dáil Éireann Debate, Wednesday - 5 July 2017
42. Deputy Mick Wallace asked the Minister for Finance the extent to which NAMA considered the tax structures of potential bidders for assets being sold by NAMA; the impact of these to the potential returns to the State; and if he will make a statement on the matter. [31469/17]
View answerI am advised by NAMA that the company structures set up by purchasers for purchasing or managing loans or assets are a matter for the bidder and/or purchaser acting on their own tax and legal advice.
NAMA has no role in examining or approving the tax affairs of market counterparties. NAMA operates in accordance with the National Asset Management Agency Act 2009 and has a mandate to maximise its commercial return. The responsibility for taxation matters rests with the Revenue Commissioners based on the application of relevant applicable and extant taxation legislation.
