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How changes to the EIIS scheme will affect you

The EIIS might suit high earners. Graphic: Getty

Gabrielle Monaghan

During the 1990s, as Ireland was transforming from an impoverished backwater into a fast-growing economy, there was a bewildering array of tax breaks aimed at investors.

Income tax reliefs to invest in residential accommodation – from holiday cottages to hotels – eventually fuelled an unsustainable construction boom that imploded in 2008, leaving ghost estates and zombie hotels in their wake.