The Irish Revenue Commissioners Aug. 29 issued Revenue eBrief No. 166/25, on the updated guidance concerning the taxation of Irish Real Estate Funds (IREFs). The updated guidance includes: 1) an explanation of the rules for deducting any amount of disbursement or expense from IREF taxable income, with an example illustrating the limited circumstance in which a disbursement or expense incurred wholly and exclusively for non-IREF property assets acquired before the introduction of the IREF regime are not disallowed; and 2) the clarification that IREFs that lose their IREF status during an accounting period must file an annual IREF return and ...