Taxes Consolidation Act 1997 Schedule 2B, paragraph 4A

Schedule 2B, paragraph 4A sets out the requirements for a declaration that must be made to an investment undertaking by a general partner acting on behalf of an investment limited partnership, so that exit tax is not deducted from gains arising on the partnership's units.

• The declaration must be made and signed by the person who holds the units (the "declarer"), being the general partner acting on behalf of the investment limited partnership.
• The declaration must be in writing, in the form prescribed or authorised by the Revenue Commissioners, and must state that the holder of the units is a general partner acting on behalf of the investment limited partnership.
• The declaration must include the name and tax reference number of the investment limited partnership, together with any other information the Revenue Commissioners may reasonably require.
• This paragraph was inserted by section 42(g) of the Finance Act 2013 and applies for the purposes of Chapter 1A of Part 27 (investment undertakings).