Revenue eBrief 19/12 Discretionary Trust Tax Regime

April 2012

Revenue eBrief 19/12 has clarified some aspects of the changes to the discretionary trust tax regime introduced under Finance Act 2012. These changes were predominantly introduced to reverse the decision in the Irvine case in relation to the administration of estates but also extend to all benefits taken under a Will that are discretionary and not just those passing as part of the residue of an estate. Further details of this can be found in our article attached, to be published in the Law Society Gazette June 2012 issue.


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