Irish Revenue Issue New Guidance on the Tax Treatment of Investment Limited Partnerships

Irish Revenue has issued eBrief No. 87/2026 concerning new guidance on the tax treatment of Investment Limited Partnerships (ILPs). An ILP is a regulated investment fund vehicle formed by a contract between general partners with unlimited liability and limited partners with restricted liability. ILPs authorized on or after 13 February 2013 are treated as transparent for Irish tax purposes, while those authorized before that date are treated as investment undertakings and taxed under the gro…