TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Special trusts manual updated

Revenue updated the manual on special trusts for permanently incapacitated individuals.

The tax and duty manual – Special trusts for permanently incapacitated individuals – has been updated to:

  • provide clarification on the interaction of the exemptions provided for under section 189 and section 189A TCA 1997,
  • provide further guidance on the meaning of “incapacitated individual”,
  • improve clarity on the exemption of tax on income and gains for trustees and individuals, including DWT, DIRT etc.,
  • include a “worked example” demonstrating how section 189A TCA 1997 operates in practice.