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Commentary

IR2.1.2 Purchase of property through pension schemes

Republic of Ireland

It is possible to set up self-administered pension schemes for shareholders/directors of limited companies and such pension schemes can be utilized for property investment. The tax benefits provide a full tax write-off for the cost of the property against business profits with the added benefit of tax-free income and capital appreciation.

There are a number of reasons why holding property in a self-administered pension scheme can be an attractive investment including:

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    •ÌýÌýÌýÌý the pension fund owner can choose the property they wish to purchase with their pension funds; residential, commercial and industrial or a combination of each can be held in the fund

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