Collective investment vehicles


Exempt Unit Trusts (EUTs)

An Exempt Unit Trust is a unit trust that is recognised in tax law under Section 731(5) TCA 1997.

In general, unit trusts are authorised by the Central Bank of Ireland under the Unit Trusts Act 1990 as Alternative Investment Funds (AIFs).

Exempt Unit Trusts are unauthorised unit trusts, within the meaning of the Unit Trusts Act 1990. Unit holders in EUTs are strictly confined to persons exempt from Capital Gains Tax (CGT) (except by reason of residence).

Through this combination of being exempt from CGT and not being an 'Authorised' Unit Trust, unit holders in EUTs can only be certain pension funds and certain charities.

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