Nama uses tax returns to check assets

NAMA has altered its management structure — in line with recent recommendations — and is seeking tax returns of smaller developers, to gauge the full extent of the value of their assets.

The agency has, for the past year or so, regularly been asking higher profile developers for their tax payment details.

Under law, NAMA cannot formally request such information directly from Revenue; but it is now expanding that search to around 180 lower-value developers on its list of debtors.