Taxes Consolidation Act 1997 section 896A

Returns in relation to settlements and trustees

Section 896A requires professionals involved in creating settlements (trusts) to report certain details to Revenue where the settlor is Irish-resident but the trustees are not.

• A person who, in the course of a trade or profession, is involved in making a settlement must report it to Revenue if the settlor is resident or ordinarily resident in Ireland but the trustees are not resident here
• The statement must include the settlor's name and address, the names and addresses of the trustees, and the date the settlement was made
• For settlements made on or after 24 December 2008 the statement must be delivered within 4 months; for settlements made in the 5 years before that date, within 6 months of 24 December 2008
• An authorised Revenue officer may require any person believed to hold information about a settlement to provide that information within a specified timeframe