As reported by us previously, a number of unit holders are specifically excluded from the application of a 20 percent withholding tax on certain property distributions from an IREF where they make an appropriate declaration. Examples of excluded persons include PRSA Administrators, a pension scheme, charity, credit union and an investment undertaking.

Revenue has updated its Tax and Duty Manual to include a declaration for an intermediary acting on behalf of pension schemes, PRSAs, Approved Retirement Funds or charities. Revenue eBrief No. 26/2017 here provides further details.