Revenue has published amendments to its Capital Acquisitions Tax Manual which provides guidance on the charges that apply to discretionary trusts.
The amendments to the manual are as follows:
- Clarification that the definition of a discretionary trust for CAT purposes differs from and is wider than the definition for general law.
- Confirmation of the relevant return filing dates.
- Clarification of the payment date in relation to the annual charge.
- Incorporation of various legislative references.
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