Pearse Trust Blog

Irish Budget 2018: The Key Business Points

Posted by Pearse Trust on Wednesday, 11-Oct-2017 13:45:00

The Irish Minister of Finance announced his budget measures in Dáil Éireann yesterday. 

What does the new budget mean for business?

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Tags: Ireland, budget 2018

Will Brexit Change Foreign Direct Investment For Ireland?

Posted by Pearse Trust on Monday, 09-Oct-2017 09:45:00

While some businesses in Ireland are pessimistic about their prospects post-Brexit, foreign investors would appear to be anything but.

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Tags: Ireland, brexit, Foreign Direct Investment

Restoring A Company To The Register Of Companies

Posted by Pearse Trust on Wednesday, 04-Oct-2017 13:45:00

There are many reasons why a company could be struck off the Register of Companies, but the most frequent reason is for failing to file annual returns.

Similarly the reasons for restoring a company are many and include the need to release assets from the company, claim an overpayment of tax, pursue litigation in the company’s name, complete a property transaction or pay debts.

There are two methods by which a company can be restored to the Register of Companies depending on the length of time the company has been struck off. They are an Administrative application or alternatively, an application to the High Court.

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Tags: Legal

Domicile: The Connecting Factor

Posted by Pearse Trust on Monday, 02-Oct-2017 09:45:00

The concept of domicile is of considerable importance in a number of areas of law. Domicile is what is termed in international private law as the “connecting factor” or link between a person and the legal system or rules that will apply to him in specific contexts, such as the validity of a marriage, matrimonial causes, legitimacy, succession and taxation.

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Tags: Legal

6 Main Duties Of A Trustee

Posted by Pearse Trust on Wednesday, 27-Sep-2017 13:45:00

While professional trustees will be well versed in the requirements of a trustee, often non-professional trustees acting for trusts do not fully understand their role and responsibilities as trustees. This article will provide an overview of what it means to be a trustee, the role and duties.

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Tags: Legal, Trusts

Enduring Power of Attorney - An Overview

Posted by Pearse Trust on Monday, 25-Sep-2017 09:45:00

The purpose of an Enduring Power of Attorney (EPA) is to allow a person (Donor) put in place arrangements for managing their affairs in the event that they are incapable of looking after their own affairs at some point in the future. This may arise due to dementia, an accident, stroke, or similar disability.

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Tags: Ireland, Legal

Recognition For Our Blog: The V by Very Blog Awards Ireland 2017

Posted by Pearse Trust on Wednesday, 20-Sep-2017 14:00:00

We here at Pearse Trust are delighted to announce that we have been placed on the Judges Shortlist for the V by Very Blog Awards Ireland 2017 in the Corporate Blog > Current Affairs / Political Category!

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Tags: Ireland, Blog Awards, Blog

UK Taxation of Non-UK resident Trusts – A Brief Overview

Posted by Pearse Trust on Monday, 18-Sep-2017 09:45:00

The following is a very brief walk through the UK taxation of non-resident trusts.

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Tags: Tax, UK

Irish discretionary trust - An overview of the Irish tax issues

Posted by Pearse Trust on Wednesday, 13-Sep-2017 13:45:00

What is a Discretionary Trust (“DT”)?

Under a DT, the settlor gives the trust property to trustees, with the power to appoint the property out of the trust fund amongst a particular class of beneficiaries as they see fit. The trust does not stipulate the amount that should be paid out to any particular beneficiary or the time at which the appointments are to be made.

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Tags: Ireland, Tax, Discretionary Trust

Foreign Grantor Trusts

Posted by Pearse Trust on Monday, 11-Sep-2017 09:45:00

The U.S. income taxation of a foreign trust depends on whether the trust in question is a grantor or non-grantor trust. In this regard, U.S. foreign grantor trusts may be of benefit in certain circumstances where non-U.S. persons are passing wealth to beneficiaries who are subject to U.S. taxation.

Foreign Grantor Trust is a term applied by the U.S. to trusts that possess certain features (described below) and which therefore may avail of a particular tax status under the U.S. tax code.

This blog posting is intended as a general overview of U.S. foreign and foreign grantor trusts and some of their key features and associated benefits.

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Tags: Legal, U.S.