Revenue eBrief No. 233/21
22 December 2021
Irish Real Estate Fund (IREF) January 2022 filings - updated Form IREF available
A new version of the Form IREF is now available on the Revenue website in the Related Forms panel.
Irish Real Estate Funds (IREFs) with accounting periods ending between 1 January 2021 and 30 June 2021 are required to file this updated Form IREF on or before 30 January 2022, as provided by Section 739R TCA 1997.
The Form IREF January 2022 has been updated as follows:
The Notes tab has been updated to clarify that –
- “Material Transactions”, as required to be disclosed in Part 1 of the Form, includes transactions affecting the financing or capital structure of the IREF.
The Pay and File tab has been updated to clarify that –
- Financial Statements must be filed at the sub-fund level rather than the umbrella fund level.
- Legislation provides for penalties where the Financial Statements are not filed by the due date or in a format set out in regulations.
- Payment instructions are required to ensure correct and prompt allocations of payments made by way of EFT.