KPMG summary of the tax consequences for REITs and their shareholders
The Finance Act 2013 contained comprehensive provisions for the introduction of a tax regime for Real Estate Investment Trusts (REITs).
This was a progressive and welcome development aimed to provide a significant, modern collective investment ownership structure at a time when Irish Real Estate was attracting considerable investor interest. At the time of writing, there are three publicly listed REITs in Ireland.
The following is a summary of the tax consequences for REITs and their shareholders: