A company may owe corporation tax on rental profits and tax on any gain when the property is sold, while residential properties can also be subject to Local Property Tax. Stamp duty may apply when the company buys the property, and VAT can be relevant for some commercial property transactions. A close company may face additional rules if rental or investment income is retained, and taking profits out personally can create further tax. The result depends on the company, property and transaction, so check the current guidance on revenue.ie or speak to a tax professional.