Publications & Insights Overview of Trusts: Key Tax and Legal Issues
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Overview of Trusts: Key Tax and Legal Issues

Thursday, 09 July 2020

In this article, which first appeared in Irish Tax Review Vol.33 No.(2020) © Irish Tax Institute, partner and Head of Capital Tax Advisory Tracey O'Donnell and solicitor Fergal McConnon from the ByrneWallace Tax Team provide a general overview of the concept and uses of a trust.  

They also examine the main features of the various types of trusts and when they are generally used, and focus in particular on the use of discretionary trusts to provide for different types of beneficiaries, with an overview of the tax implications. 

In addition, they briefly address recent developments in the move towards greater transparency and disclosure of beneficial ownership information in Ireland in relation to trusts.

To read the article in full, click here

For further information on trusts, please contact the ByrneWallace Tax Team

This article first appeared in Irish Tax Review, Vol. 33 No. 2 (2020) © Irish Tax Institute