Taxes Consolidation Act 1997 Schedule 2C paragraph 1

Interpretation

Schedule 2C paragraph 1 defines the key terms used throughout Schedule 2C, which deals with declarations and undertakings required in connection with Irish Real Estate Funds (IREFs).

• The "appropriate person" for a pension scheme depends on the type of scheme — the administrator for approved employee schemes, the annuity provider for self-employed contracts, or the trustees of a trust scheme.
• An "IREF declaration" is the declaration a person must make under section 739K and Schedule 2C to confirm their entitlement to an exemption from IREF withholding tax.
• The schedule applies to both employer-sponsored pension schemes and self-employed retirement arrangements.
• These definitions ensure the correct party is identified for making or receiving declarations in each type of pension arrangement.