Special trusts for permanently incapacitated individuals
Revenue has updated their Tax & Duty manual to reflect the changes introduced by Finance Act 2014 to the tax treatment of certain income and gains arising to the trustees of special trusts for incapacitated individuals.
Section 189A TCA 1997 is amended to allow the undistributed part of the trust funds to form part of the estate of the individual provided they have a surviving spouse, civil partner or child.