First chapter of guidance: Personal Portfolio Irish Real Estate Funds

Sep 25, 2017

Revenue is publishing on a chapter by chapter basis guidance on the new regime for the taxation of Irish property funds which are also known as Irish Real Estate Funds or IREFs.  The first chapter covers the special rules that apply to what is known as a Personal Portfolio IREF (PPIREF), considered one of the most complex and important aspects of the regime. 

The IREF regime was introduced by Finance Act 2016 and can be found in Chapter 1B of Part 27 of the Taxes Consolidation Act 1997.  According to Revenue given the complexity of the regime, this manual is being published chapter by chapter as each chapter is completed.

The first chapter is published as part of Tax and Duty Manual 27-01B-02.