IREF definition

IREF means an IREF within the meaning of section 739K of the Taxes Act;
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IREF means an Irish non-UCITS regulated fund or, where that non-UCITS regulated fund is an umbrella fund, a sub-fund of the regulated fund—
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IREF means an investment undertaking or, where that investment undertaking is an umbrella scheme, a sub-fund of an investment undertaking—
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Examples of IREF in a sentence

  • The following statements have been drafted on the assumption that the Company is not, and does not intend to be, an Irish Real Estate Fund ("IREF") (as defined in Section 739K of the TCA).

  • General On the basis that the Company or a sub-fund of the Company does not hold IREF Assets as defined in Section 739K of the TCA and does not intend to hold such assets or conduct an IREF Business, the Company or a sub-fund shall not be an IREF for the purposes of Part 27 Chapter IB of the TCA.

  • If the Company is deemed to be an IREF there may be additional withholding tax arising on certain events, including distributions to Shareholders.

  • An investment undertaking or sub-fund of an investment undertaking in which 25% or more of the value of the assets at the end of the immediately preceding accounting period is derived from Irish real estate (or related assets), or an investment undertaking or sub-fund of an investment undertaking the main purpose of which, or one of the main purposes of which, is to acquire such assets will constitute an IREF and will be subject to specific tax rules.