Special trusts manual updated

Jun 29, 2020

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.