Dáil Éireann Debate, Tuesday - 24 January 2023
156. Deputy Mairéad Farrell asked the Minister for Finance to provide an update on the review of section 110 of the Taxes Consolidation Act 1997 regime; and if he will make a statement on the matter. [2822/23]
Amharc ar fhreagraThe Commission on Taxation and Welfare considered how the overall balance of taxation might shift in order to sustainably fund public services over the longer-term. It published its report in September 2022.
The Commission published a number of recommendations on the taxation of investment products and on the Real Estate Investment Trust (REIT), Irish Real Estate Funds (IREF) and section 110 tax regimes. That is why, in his Budget speech, my predecessor announced the intention to commence a review of these areas.
Specific detail on the parameters of such a review and timelines are still being worked out and once a thorough consideration of the matter takes place, I will share the terms of reference in due course.
