Exempt Unit Trusts (EUTs)
An Exempt Unit Trust (EUT) is a unit trust that is recognised in tax law under section 731(5) of the Taxes Consolidation Act (TCA) 1997.
In general, unit trusts are authorised by the Central Bank of Ireland under the Unit Trusts Act 1990. However, EUTs are not authorised by the Central Bank of Ireland.
The tax exemptions available for an EUT are dependant on each of the unit holders being wholly exempt from Capital Gains Tax (CGT).
Due to the requirement of being wholly exempt from CGT, unit holders in EUTs can only be certain pensions and certain charities.