Taxes Consolidation Act 1997 Schedule 2C paragraph 11

Declaration of qualifying intermediaries regarding certain specified persons in section 739K(1)

Schedule 2C paragraph 11 sets out the requirements for the written declaration that a qualifying intermediary must provide to an Irish Real Estate Fund (IREF) in order for the IREF to pay distributions without deducting withholding tax in respect of certain specified unit holders.

• A qualifying intermediary must provide a signed, written declaration to the IREF in the form prescribed by the Revenue Commissioners, containing the intermediary's name and address.
• The declaration must confirm that the unit holder on whose behalf it is made is a qualifying pension scheme, a charity, or a credit union — all of which are categories of specified person exempt from IREF withholding tax.
• The intermediary must undertake to notify the IREF in writing if the declaration ceases to be correct at any time after it is made.
• The declaration must also include any other information that the Revenue Commissioners may reasonably require for the purposes of Chapter 1B of Part 27.