Taxes Consolidation Act 1997 Schedule 2C paragraph 4

Declarations of investment undertakings

Schedule 2C, paragraph 4 sets out the requirements for a declaration that an investment undertaking must provide to an Irish Real Estate Fund (IREF) in order to receive payments without withholding tax being deducted.

• An investment undertaking that holds units in an IREF can avoid withholding tax on payments by making a valid declaration to the IREF under section 739K.
• The declaration must be in writing, signed by the person entitled to the units, and made on a form prescribed or authorised by the Revenue Commissioners.
• The declaration must confirm that the unit holder is an investment undertaking, provide its name, address and tax identification number, and certify whether the holder qualifies as a specified person.
• The declarer must undertake to notify the IREF if the investment undertaking ceases to be a specified person, and must supply any other information Revenue may reasonably require.