susan Finch

Thank you, The trust is not a non resident trust., the trustees are UK residents. My query relates to INVESTMENTS in a FUND which is DOMICILED. IN IRELAND, What are the income and CGT implications of investing in a fund domiciled in Ireland Thank you

Thank you for looking at my query. I am aware of tax the trust has to pay for UK based investments. My question was regarding tax on funds DOMICILED IN IRELAND which I understand are considered to be overseas investments for tax purposes. Does the trust treat investments in funds domiciled Ireland exactly the same as UK investments for tax purposes or are they considered different by HMRC? Many thanks S Finch

I am a trustee of a discretionary trust. Many of the funds which the trust fund wishes to purchase are 'domiciled in Ireland'. What are the tax implications for income tax and CGT payable by the trust fund?