Soon after you have invested we will issue all investors with the Designated Fund Tax number (DFTN) for the Fund. Revenue will issue EII 3 Form to the investee companies and the companies will pass this onto BVP who will accumulate them on an EII5 form before forwarding it onto investors. Investors will submit this form to their local Revenue office or Accountant to process the claim for relief.
With regard to the 10% relief obtained once the shares have been held for a minimum of 4 years after the investors’ subscription, the process to claim this relief is identical to that as outlined above. Revenue will issue an EII 3A form (typically 3-6 months post expiry of 4 year term) and investors then submit this form to their local Revenue office or Accountant to process the claim.
Claiming the relief from Revenue can be done in a number of ways:
1. When the investor submits their Form 12 or Form 11 in the usual way (there is a section on EII investments made and a box for including the above DFTN) or
2. The investor writes specially to their local tax office where they are not in the habit of submitting Form 12/Form 11 annually or
3. The investor provides the above DFTN to his/her accountant