THERE will be no extension of designated tax areas such as Section 23 or urban renewal schemes, according to the Minister for Finance, Mr Quinn.
Speaking after the launch of an AIB guide to investing in residential property, Mr Quinn told The Irish Times his Department would not consider approving any new areas for special tax status. He added that all existing tax breaks are safe.
To attract investment buyers, AIB has cut its fixed rates in a move which brings it into line with other lenders.
The reductions undercut AIB's two major competitors, Bank of Ireland and Irish Permanent. But it is still more expensive than EBS. AIB is offering a five year fixed rate of 8.2 per cent and a 10 year of 9.2 per cent.
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