Capital Acquisitions Tax Consolidation Act 2003 section 15

Acquisitions by discretionary trusts

Section 15 imposes a once-off 6% inheritance tax charge on property that becomes subject to a discretionary trust, treating the trust and its trustees as having taken an inheritance on the latest of three specified dates.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.