Revenue eBrief No. 92/17

23 October 2017

Discretionary Trust Tax - exemption for trusts established for the benefit of improvident individuals

The Capital Acquisitions Tax Manual (Part 5) has been amended in relation to Discretionary Trust Tax and the exemption for trusts established for the benefit of individuals who are incapable of managing their affairs by reason of improvidence.

Additional material has been inserted that clarifies the nature of the incapacity necessary to qualify for this exemption and the type of evidence that might be provided to Revenue to support a claim in this regard.