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Tax take from institutional property investors rose by 171% in 2020 Move by Revenue saw effective tax rate levied increase from 2.7% in 2019 to 17.9% in 2020
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US property investor and Capital Dock owner Kennedy Wilson holds much of its Irish portfolio in qualifying investor alternative investment funds (QIAIF).
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Institutional investors with some €18.4 billion invested in Irish property paid tax of €65.7 million in 2020, according to new figures from the Revenue Commissioners, an increase on the amount paid in 2019.
According to the figures, which break down corporation tax payments for 2020, Irish real estate funds (Irefs), which are used by property investors such as Kennedy Wilson to house their Irish portfolios, paid total withholding tax of €65.7 million in 2020, on a taxable amount of €368 million. This indicates an ef
Continued strong performance throughout COVID-19 pandemic and successful management internalisation Primary Health Properties PLC ( PHP , the Group or the Company ), a leading investor in modern primary health facilities, announces its audited preliminary results for the year ended 31 December 2020. Harry Hyman , Chief Executive, commented: We have continued to support the NHS in the UK, HSE in Ireland and our GP occupiers throughout the COVID-19 pandemic which has highlighted the demands on health systems around the world. Many of our primary care facilities and occupiers are now in the front-line of delivering Covid-19 vaccines. We continue to see demand for extra space to help enable the redirection of activities out of hospitals. The need for modern, integrated, local primary healthcare facilities is becoming ever more pressing in order to relieve the pressures being placed on hospitals and A&E departments.