Hi, We have a property developer client who is buying a number of residential units from Nama and who intends to hold onto them for 4/5 years and sell at a profit. The properties will be rented in the intervening period. How are the rental profits taxable-Case I or Case V? From my reading of Section 18(2) it could be taxed under either, however reading Section 6412)(a) TCA 1997 I presume Case V takes precedence??
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