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.

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.