CAT on money received from overseas trust

E

ekinney

Registered User
Messages
1
Any advice on the below is much appreciated.
I'm looking to understand what the tax implications are when receiving funds from an overseas trust fund that was set up by an English father (non resident of Ireland). The beneficiaries have Irish citizenship and have lived here for over 10 years. The trust is based in Malta and is in GBP. The amount to be distributed is between 20-50k - no previous gifts have been received.
 
I cannot answer your query but would also be interested in this. My cousin, an Irish resident and tax payer is a beneficiary of a will trust that was set up in Jersey by a non resident of Ireland. The beneficiary is a distant relation of the deceased and stands to inherit over £150k (Sterling). What is her situation as regards tax?
 
Guys you need to specific professional advice in relation to offshore trusts.

There could be exposure in more than one jurisdiction.
 
I understand one might need specific advice, but some opinions from this forum might also help and some tips are always good and appreciated.
 
You must log in or register to reply here.
Back
Top