BoI swaps 25 paintings for €2m tax credit

BANK OF IRELAND has received a €2 million tax credit after it handed over 25 paintings from its art collection to the Revenue Commissioners.

BoI swaps 25 paintings for €2m tax credit
Tue, 28 Apr, 2009 - 01:00
Cormac O’Keeffe

The collection includes a Jack B Yeats painting, Eileen Aroon, which is valued at €800,000.

Bank of Ireland can now use the €2m credit to pay for past, current or future tax liabilities, Revenue said.

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