Market Taxation Guide – Investment Funds – Ireland
This Market Taxation Guide (Ireland) provides the following details:
- Reference information about all taxes applied at source, through CBL and its local depositories, to investment funds deposited in CBL; and
- Instructions for obtaining relief at source or a refund of withholding tax, where these are available, through CBL.
New and improved tax information and procedures that become available will be included on an ongoing basis.
Important note:
This Market Taxation Guide (including any attachments and other links) is for information purposes only and is not intended nor should be deemed legal advice on any subject matter. Readers of this Market Taxation Guide, whether customers or otherwise, should not act or should refrain from acting on the basis of any information included in this Market Taxation Guide without seeking appropriate legal or other professional advice.
CBL does not provide tax relief at source, or Quick or Standard refund services for the Ireland Fund market. Customers are advised to consult with their tax advisor for all tax-related matters.
Holding restrictions
Refer to Holding Restrictions – Investment Funds – Ireland.
IREF withholding tax
There may be IREF withholding tax of 20% withheld through CBL on investment funds held in CBL. Withholding-tax exemption may be available for certain unit holders, provided the relevant conditions are met. CBL does not provide assistance in this regard. Please consult your tax advisor for further information.
Investment undertaking tax
No investment undertaking tax should apply to fund units held in CBL, as CBL should qualify as a recognised clearing system. Investment-undertaking tax may however be payable on specific income/gains. CBL does not provide assistance in this regard. Please consult your tax advisor for further information.
Capital gains tax
There is no capital gains tax withheld through CBL on investment funds held in CBL. Capital gains tax may however be payable on specific gains. CBL does not provide assistance in this regard. Please consult your tax advisor for further information.
Stamp duty
There is no stamp duty withheld through CBL on investment funds held in CBL. Stamp duty may however be payable on specific transactions. CBL does not provide assistance in this regard. Please consult your tax advisor for further information.