Revenue eBrief No. 159/23

07 July 2023

Investment Limited Partnership (ILP) February 2023 Filing - Deadline extension and Updated Form ILP1 available

A new version of the Form ILP1 is now available on the Collective investment vehicles webpage, in the Related Forms panel of the Revenue website.

Section 739J(3) of the Taxes Consolidation Act 1997 obliges ILPs to file this statement annually. This new version of the Form ILP1 should be used for filings in respect of the year of assessment 2022. The filing deadline for Form ILP1 in respect of the year of assessment 2022 is extended to 14 September 2023. 

As noted on page 1 of the Form ILP1, filing should be completed electronically and returned to Revenue via MyEnquiries to largecasesdiv@revenue.ie.

The Form ILP1 has been updated by the addition of the following panels:

• Name of Signatory in plain text;
• Net Asset Value of the ILP at the end of year of assessment;
• General Overview of business activities carried out by the ILP in the year of assessment;
• Details of any Material Transactions carried out by the ILP in the year of assessment;
• Details of any transactions entered into with persons connected with any partner in the ILP in the year of assessment;
• Disclosure of Assets held by ILP at end of year of assessment (which includes disclosure of asset type, location and value); and
• Detailed guidance notes attached to the updated Form ILP1 to assist completion of the statement, including practical examples illustrating level of detail required.