We are not incentivising cuckoo funds, insists housing minister

The Housing Minister has denied that the Government is "incentivising" the purchase of family homes by cuckoo funds by allowing investors to lease properties back to the state to avoid stamp duty.

Housing Minister Darragh O'Brien has denied the Government is "incentivising" the purchase of family homes by cuckoo funds by allowing investors to lease properties back to the state to avoid stamp duty.

Under new planning rules, a 10% stamp duty for bulk purchases of 10 or more properties will apply to any purchaser, with a particular focus on investment funds.