The synthesis and characterization of cationic iridium(III) aqua complexes of the formula [IrH(H 2 O)(PN*)(PP)][SbF 6 ] 2 (PN* = chiral phosphano−oxazoline ligand; PP = diphosphane) as well as that of the OPOF 2 -containing complex [IrH(OPOF 2 )(PNiPr)(dppp)][SbF 6 ] (10) are reported. The X-ray molecular structures of [IrH(H 2 O)-(PNInd)(dppe)][SbF 6 ] 2 (1), [IrH(H 2 O)(PNInd)(dppen)][SbF 6 ] 2 (2), and 10a have been determined. Dichloromethane solutions of these aqua complexes efficiently catalyze the enantioselective 1,3-dipolar cycloaddition of the nitrone N-benzylidenephenylamine N-oxide to methacrolein and Diels−Alder reactions between cyclopentadiene and trans-β-nitrostyrenes. In the first case, the catalytic reaction occurs with excellent endo selectivity and ee up to 85%; the Diels−Alder reaction occurs rapidly at room temperature with good endo:exo selectivity and ee up to 90%. The dipolar cycloaddition intermediates [IrH(methacrolein)(PNInd)(PP)][SbF 6 ] 2 (PP = (S,S)-chiraphos ( 11), (R)-prophos ( 12)) have been characterized, and the molecular structure of 11 has been determined by an X-ray structural analysis.