A new report is here. It asks big questions. It is about a property sale. The price was very low. This happened not long ago.
The report came out on Tuesday. It talks about a sale. The price was much less than expected. This makes people worry. Government money may be lost. Tax rules might not be followed.
The property was to sell in 2015. The price was €19.35 million. But later, in 2016, the deal changed. A new paper was signed. The value became €10.85 million. This was €8.5 million less. The report says there is no reason for this. There was no check of the value. The market was not different.
The report also said the Tax Department was not good. They did not check this sale. The price drop was strange. It was a big risk. Tax people should have looked. Less tax may be paid. This is not allowed. It looks like the price was made lower.
The sellers gave up €8.5 million. This changed their money reports. The first price made a profit. The lower price made a loss. This loss helped lower their taxes. They paid less tax.
The report is worrying. It wants to know why the Tax Department did not check. This report may bring more checks.