The Sunday Business Post featured the formation of the Monte Gordo Buyers Group which has been highlighted on this site previously. Property editor Michelle Devane interviews former Cork football manager, Billy Morgan, who is one of the members of the group.
The Irish Revenue has stepped up its efforts to track down errant overseas property owners. It is increasingly co-operating with overseas tax authorities to find owners of property overseas who have not paid related taxes.
The French government announced tax hikes on Foreign Property Owners. Tax on rental income could rise from 20% to 35.5%, applied retrospectively from January 1, 2012 and CGT on sales would rise from 19% to 34.5% from the end of July.
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