Sep 2009 | Revenue investigation into offshore trusts

The Revenue Commissioners have formally commenced an investigation of the tax treatment of property, assets and funds settled by persons on trusts and offshore structures. The announcement was made on the basis that Revenue experience from earlier project investigations indicated that the use of trusts and similar structures represents a tax risk and on the basis that there was new reporting obligations on Third Parties, outlined above, in relation to settlements involving non-resident trustees. For further information follow this link

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Aileen Keogan | Solicitor & Tax Consultant | 21 The Avenue | Louisa Valley | Leixlip | Co. Kildare | Ireland

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