1050 Protection for trustees, agents and receivers

(1) A trustee who receives profits from trust property on behalf of another is not required to do any other act for the purpose of the assessment of that person provided he/she has made a return required by section 890 outlining the name, address and profits of the person entitled to the profits except in cases where the Revenue Commissioners require his/her testimony.

(2) Similarly an agent or receiver of a person, other than an incapacitated person, resident in the State who has made a return under section 890 stating the name, address and profits of that person is not required to do any other act for the purposes of the assessment of that person except where the Revenue Commissioners require the testimony of the agent or receiver under the Income Tax Acts.

Relevant Date: Finance Act 2021