EXHIBIT 8.1

 LIST OF SUBSIDIARIES

The following table lists our subsidiaries and their jurisdiction of incorporation as of June 30, 2022:

Name of the entity	Country	Main activity	Stake at 06.30.2022
IRSA's direct interest:
E-Commerce Latina S.A.	Argentina	Investment		100.00	%
Efanur S.A.	Uruguay	Investment		100.00	%
Hoteles Argentinos S.A.U.	Argentina	Hotel		100.00	%
Inversora Bolívar S.A.	Argentina	Investment		100.00	%
Llao Llao Resorts S.A. (1)	Argentina	Hotel		50.00	%
Nuevas Fronteras S.A.	Argentina	Hotel		76.34	%
Palermo Invest S.A.	Argentina	Investment		100.00	%
Ritelco S.A.	Uruguay	Investment		100.00	%
Tyrus S.A.	Uruguay	Investment		100.00	%
U.T. IRSA y Galerias Pacifico (1)	Argentina	Investment		50.00	%
Arcos del Gourmet S.A.	Argentina	Real estate		90.00	%
Emprendimiento Recoleta S.A.	Argentina	Real estate		53.68	%
Fibesa S.A. (2)	Argentina	Real estate		100.00	%
Panamerican Mall S.A.	Argentina	Real estate		80.00	%
Shopping Neuquén S.A.	Argentina	Real estate		99.95	%
Torodur S.A.	Uruguay	Investment		100.00	%
EHSA	Argentina	Investment		70.00	%
Centro de Entretenimiento La Plata	Argentina	Real estate		100.00	%
We Are Appa S.A.	Argentina	Design and software development		93.63	%
Tyrus S.A.'s direct interest:
DFL and DN BV	Bermuda’s / Netherlands	Investment		99.50	%
IRSA International LLC	USA	Investment		100.00	%
Jiwin S.A.	Uruguay	Investment		100.00	%
Liveck S.A. (3)	British Virgin Islands	Investment		100.00	%
Real Estate Strategies LLC	USA	Investment		100.00	%
Efanur S.A.'s direct interest:
Real Estate Investment Group VII LP (REIG VII)	Bermuda’s	Investment		100.00	%
DFL's and DN BV's direct interest:
Dolphin IL Investment Ltd.	Israel	Investment		100.00	%

(1)	The Group has consolidated the investment in Llao Llao Resorts S.A. and UT IRSA and Galerías Pacífico considering its equity interest and a shareholder agreement that confers it majority of votes in the decision-making process.
(2)	Includes interest held through Ritelco S.A. and Torodur S.A.
(3)	Includes Tyrus’ and IRSA S.A.’s equity interests.