Collective investment vehicles

Overview

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). Unit trusts are restricted to unit holders who are pension schemes and charities. The Central Bank of Ireland does not regard them as being open to the public generally and as such does not authorise them.

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