The guidance on the Offshore Funds regime has been updated to clarify that that a reference to an offshore fund applies only to a foreign company, unit trust scheme, or co-ownership arrangement in which a person holds a ‘material interest’.
Other relevant updates include:
- The use of the term ‘reasonably expected’ in accordance with section 743(2) TCA 1997 has been reflected in the guidance, and
- contact details for applications to Revenue for certification as a distributing offshore fund are included.
LOADING...