VAT waiver - Residential Inv. Property

[Little Joe]

In the Finance Bill 2007 it was mentioned that the VAT waiver on residential investment properties was being discontinued. I would appreciate if somebody can explain the mechanics of this waiver as I never heard of it before.

Thanks
Little Joe.

 

[runner]

This is a revenue summary of all new provisions. You should find details here.

http://www.finance.gov.ie/documents/publications/finance bill 2007/Exmemo2007.pdf

R

 

[Newby]

In a nutshell, it is designed to stop any new "interest free loans".