917A Return of property transfers to non-resident trustees

Where a person, on or after 11 February 1999, transfers property to an offshore trust, the person is obliged to advise Revenue within 3 months of the date of transfer, identifying the property, the date of transfer, the consideration received and the settlement concerned. This obligation does not apply to a transaction entered into at arm’s length. Penalties apply for failure to comply with this section.

Relevant Date: Finance Act 2019