Taxes Consolidation Act 1997 Schedule 2C paragraph 3

Declaration of PRSA Administrator

Schedule 2C paragraph 3 sets out the requirements for the declaration that a PRSA administrator must make to an Irish Real Estate Fund (IREF) in order for the PRSA to be treated as a specified person exempt from IREF withholding tax.

• A PRSA administrator must make a written declaration to the IREF confirming that the units in question are PRSA assets managed by the administrator for the beneficial owner.
• The declaration must be signed by the administrator, made on a Revenue-prescribed form, and include the PRSA holder's name, address and tax identification number.
• The administrator must undertake to notify the IREF if the units cease to be PRSA assets or if the PRSA ceases to qualify as a specified person.
• The declaration must also include a certificate stating whether the unit holder is a specified person and any other information Revenue may reasonably require.