Declaring Offshore accounts before May 1 2017

RichInSpirit

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I have an offshore account of sorts and I'm thinking of declaring it although there isn't any current liability on it. But there may be liabilities to income tax in the future.
 
Unless the Form 11 looks for a declaration, your letter might be binned. I assume from the 'of sorts' part that the provider isn't obligated to make returns here in the State, to notify the authorities here.
 
While I have always given details on Form 11 when an account was first opened, I never thought of it when an account matured and the funds were reinvested.
Should I have declared at each stage?
 
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