Regulation, Compliance, Risk Control and Taxation Toolbox

Download and read key documents about the impact of various regulations and policies on your investments.

Terms, Conditions and Overviews of Fees

Tax Obligations Investment Funds

If you buy or sell an interest in a managed fund, you will be obliged to file a tax return by 31 October in the following year, outlining the following details such as:

  • Name and address of the fund;
  • Date interest in the offshore fund was acquired or disposed of;
  • Amount of capital invested in acquiring the offshore fund; and
  • Name and address of intermediary through whom the material interest was acquired.
  • Profit arising on sale

Any gain made on the sale of an interest in a fund or part of the interest, will be subject to tax at the prescribed rate, currently 37% (rate in force for 2018). PRSI may also apply in certain circumstances. Gains generated within the fund which are not distributed to the investors are taxed on a gross rollup basis. This means that the fund can grow tax free until they are sold by the investors or for 8years, whichever is shorter.

Other information