Taxes Consolidation Act 1997 Schedule 2B, paragraph 9

Declaration of qualifying fund manager or qualifying savings manager

Schedule 2B, paragraph 9 sets out the declaration that a qualifying fund manager or qualifying savings manager must provide to an investment undertaking in order for the undertaking to pay out gains without deducting exit tax.

• A qualifying fund manager (ARF/AMRF) or qualifying savings manager (SSIA) must make a written declaration to the investment undertaking to secure exemption from exit tax on unit gains.
• The declaration must confirm that the units are assets of an ARF, AMRF, or special savings incentive account and are managed by the declarer on behalf of the beneficial owner.
• The declarer must undertake to notify the investment undertaking if the units cease to qualify or are transferred to another fund or account.
• The declaration must be in the Revenue-prescribed form and include the beneficial owner's name, address, and tax reference number.