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Trust Tax

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  • 31-12-2023 9:46pm
    #1
    the O Reilly connection
    Registered Users Posts: 76 ✭✭


    Hi

    I have a question regarding paying tax on trusts.

    Do the beneficiaries of trusts in Ireland have to pay tax ?

    Also, does the trust property have to pay tax before it pays out to the beneficiary?

    Thanks



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    #2
    SureYWouldntYa
    Registered Users Posts: 7,724 ✭✭✭SureYWouldntYa


    Beneficiaries will have to pay Capital Acquisitions Tax, the timing of when this is due depends on the type of trust it is

    The trust may have to pay tax, again depending on its structure



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    #3
    the O Reilly connection
    Registered Users Posts: 76 ✭✭the O Reilly connection


    What's the situation if the trust is abroad and the beneficiary is at home or vice a versa? Are the tax implications the same?



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