Pearse Trust Blog

Reasons To Settle A Will Trust

Posted by Pearse Trust on Wednesday, 15-Nov-2017 13:45:00

In this blog we will look at some of the reasons why a person would choose to settle a Will Trust in Ireland. An inter-vivos trust is a trust that is created during the lifetime of the settlor or grantor.

A Will Trust, or Testamentary Trust, is a trust which arises upon the death of the testator and is specified in his or her Will. The Trustees of the Trust will usually be the Executors of the Will.

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Tags: Legal, Trusts

Understanding A Trust Deed

Posted by Pearse Trust on Monday, 13-Nov-2017 09:45:00

Understanding a trust deed is a duty of trustees. It can also be important for professional advisers or other parties that may interact with a trust and that have access to the deed. The trust deed sets out all the terms of the trust and acts as guidance on how the trust should be managed. It grants powers and discretions to the trustees. In essence, a trust deed sets out the rules of a trust.

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Tags: Trusts

Annual Return Compliance Obligations In Ireland - What Are They?

Posted by Pearse Trust on Wednesday, 08-Nov-2017 13:45:00

In Ireland, the most common annual return date is 30 September which applies to most companies which have a financial year end of 31 December. All annual returns must be electronically filed and the deadline for doing so is 28 days after the annual return date.

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Tags: Ireland, Corporate Governance, compliance

Transfer Of Trust Assets To A New Trustee - Two Methods

Posted by Pearse Trust on Monday, 06-Nov-2017 09:45:00

There are several ways to transfer trust assets to a new Trustee. In this blog post we will examine two ways in which assets can be transferred to a new Trustee.

1. Keeping The Trust Intact

First, a settlor may decide to leave the Trust intact, with the Trust Deed in place, and simply transfer it to a new Trustee. 

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Tags: Legal, Trusts

The US FATCA Law - Will It Survive?

Posted by Pearse Trust on Wednesday, 01-Nov-2017 13:45:00

Those involved in the financial services industry and American citizens with personal finances stretching across national boundaries will no doubt be aware of the additional regulatory burden that the US FATCA has imposed. However, could the law turn out to be short-lived?

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Tags: Legal, Tax, USA

Taxing The Digital Economy - EU Jumps The Gun?

Posted by Pearse Trust on Monday, 30-Oct-2017 09:45:00

As the OECD observed in its final BEPS recommendations, the digital economy is fast becoming the economy itself.

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Tags: Tax, EU

Irish VAT Registration & Deregistration - A Three Minute Overview

Posted by Pearse Trust on Wednesday, 25-Oct-2017 13:45:00

If an Irish company is carrying on a business activity in Ireland, generally the company must register for Irish VAT if their taxable supplies are likely to exceed the relevant VAT thresholds.

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Tags: Ireland, VAT

Irish Tax Resident & Non-Irish Domiciled - The Terms Explained

Posted by Pearse Trust on Monday, 23-Oct-2017 09:45:00

We have previously written about being Irish tax resident but non-dominiciled, the following post is an update for 2017.

If you are currently not tax resident and not domiciled in Ireland and are considering becoming Irish tax resident and non-Irish domiciled, there are a number of Irish tax matters to consider.

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Tags: Ireland, Tax

5 Benefits of Registering an English Limited Partnership

Posted by Pearse Trust on Wednesday, 18-Oct-2017 13:45:00

Over time, the use of the English Limited Partnership (‘English LP’) has evolved. Although the legislation under which English LPs are registered is over 100 years old (Limited Partnership Act 1907), they can typically be utilised for modern purposes such as real estate holding, wealth management and other investment holding vehicles.

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Tags: Corporate Governance, Limited Partnerships, UK

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, Tax, Economy