Revenue eBrief No. 81/17
18 September 2017
Guidance on Personal Portfolio Irish Real Estate Funds (PPIREFs)
Finance Act 2016 introduced a new regime for the taxation of Irish property funds. The regime applies to what are known as Irish Real Estate Funds, or IREFs. Given the complexity of the regime, the guidance is being published chapter by chapter, as each is finished.
One of the most complex and important aspects of the regime concerns the special rules that apply to what is known as a Personal Portfolio IREF (PPIREF), being an IREF that is under the control of its unit holders. Therefore, the first chapter to be published provides guidance on whether or not an IREF should be considered a PPIREF.
For further details refer to Tax and Duty Manual Part 27-01b-02.