Revenue have issued eBrief No. 29/2007 which deals with the tax treatment of imputed distributions from ARFs. Finance Act 2006, introduced an imputed 3% distribution on the market value of ARF assets on 31 December each year. The 3% rate is being phased in with 1% applying in 2007, 2% in 2008 and 3% in 2009 and following years.

Further details on the tax treatment are contained in the eBrief, which is reproduced at Section 2.05.