Taxes Consolidation Act 1997 section 917C

Return by certain trustees

Section 917C requires trustees of an Irish settlement to notify Revenue where the settlement moves offshore or ceases to be within the charge to Irish tax under a double taxation agreement.

• Applies where trustees become non-resident or non-ordinarily resident in the State, or where they become treaty-resident outside Ireland, on or after 11 February 1999
• Any person who was a trustee immediately before the change must deliver a statement to Revenue within three months
• The statement must include the date the settlement was created, the name and address of each settlor, and the names and addresses of all current trustees
• A penalty of €4,000 applies for each failure to deliver the statement or to include the required details