Ireland’s Minister for Finance, Brian Cowan, has provided details of the much-awaited restrictions and extensions to the tax incentives relating to property in the Finance Bill 2006.

The restrictions follow on from a report prepared by Goodbody Stockbrokers and Indecon Economic Consultants. The consultants were asked to carry out an in-depth review of the various tax incentive schemes and tax exemptions. The report is very detailed, running to 178 pages, and the executive summary goes through each form of relief in detail.