Taxes Consolidation Act 1997 section 263B

Declarations to the Revenue Commissioners relating to deposits of certain persons

Section 263B sets out the requirements for a written declaration to Revenue that enables permanently incapacitated individuals, or trustees of special trusts for such individuals, to receive deposit interest without deduction of DIRT.

• The declaration must be made and signed by the person entitled to the interest, using a form prescribed by Revenue, and submitted in writing to the Revenue Commissioners.
• It must declare that the individual beneficially entitled to the interest (or their spouse or civil partner) is permanently incapacitated, or that the person entitled is a trustee of a special trust for a permanently incapacitated individual exempt from income tax, and that they would be entitled to a full refund of DIRT if it had been deducted.
• The declaration must include the name, address and PPS Number (or tax reference number) of each relevant person, together with the name and address of the financial institution (including any branch) and the account or membership number of the deposit.
• The declarer must undertake to notify Revenue if the conditions for exemption are no longer met, and must provide any additional information that Revenue may reasonably require.