It took 9 consecutive questions for bank execs to admit €1.3bn mortgage ‘vehicle’ won’t pay tax

Last week the bank confirmed it was transferring more than 6,000 home loans into a special purpose vehicle. PERMANENT TSB HAS confirmed that the ‘special purpose vehicle’ that more than 6,000 of its mortgages have been transferred to will be exempt from tax. Chief executive of PTSB, Jeremy Masding, […]

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