Taxes Consolidation Act 1997 Schedule 2C paragraph 2

Declarations of pension schemes

Paragraph 2 of Schedule 2C sets out the requirements for a declaration that must be made by a pension scheme to an Irish Real Estate Fund (IREF) in order to receive payments without deduction of IREF withholding tax.

• A pension scheme that qualifies as a specified person under an IREF must provide a written declaration to the IREF before payments can be made without withholding tax.
• The declaration must be made and signed by the person beneficially entitled to the units, contain the pension scheme's name, address and tax identification number, and be in a form prescribed by the Revenue Commissioners.
• The declaration must include certificates confirming the scheme's pension status, confirming whether the unit holder is a specified person after applying the look-through rules, and attaching supporting documentation where equivalence applies.
• The declarer must undertake to notify the IREF if the scheme ceases to be a specified person, and must provide any other information that the Revenue Commissioners may reasonably require.