Bank officials deny reports they are able to write off mortgage debt

The Irish Bank Officials Association has dismissed suggestions that bank officials are being allowed to write off their debt as a myth.

Bank officials deny reports they are able to write off mortgage debt

The Irish Bank Officials Association has dismissed suggestions that bank officials are being allowed to write off their debt as a myth.

It follows reports that some bank staff, who are getting part of their mortgage debt written off, will have to pay tax to the Revenue Commissioners because they received the loans at discounted rates from their employers.

It is reported that Revenue wants the bank workers to pay tax on the amount that is written off.

However, IBOA General Secretary Larry Broderick says that is simply not true.

more courts articles

Man (25) in court charged with murdering his father and attempted murder of mother Man (25) in court charged with murdering his father and attempted murder of mother
Man appears in court charged with false imprisonment of woman in van Man appears in court charged with false imprisonment of woman in van
Man in court over alleged false imprisonment of woman Man in court over alleged false imprisonment of woman

More in this section

Pile or group of multi colored and different sizes of colourful foil wrapped chocolate easter eggs in pink, blue, and gold. Larg Young sisters donate hundreds of Easter eggs to children's hospital
Ireland has third highest level of deaths on rural roads in EU  Ireland has third highest level of deaths on rural roads in EU 
Mother and daughters killed in Mayo crash named locally, as husband returns to Ireland 'Their smiles lit up the room': Tributes paid to mother and daughters killed in Mayo crash
War_map
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited