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Where Taxpayers and Advisers Meet

Non resident's Personal Allowance

AmberLight17
Posts:1
Joined:Wed Jan 10, 2018 1:00 am
Non resident's Personal Allowance

Postby AmberLight17 » Wed Jan 10, 2018 1:20 am

I would like to set up a Bare Trust for my grandchild who is a minor and resident in Ireland (Republic) The only income or capital gains my grandchild will have is as a beneficiary of the trust which will be less than the allowances(Personal & Capital Gains) . In this case, being non resident living in Ireland, would my grandchild get the normal allowances (Personal & Capital Gains) against the UK investment income (dividends & interest) and capital gains arising in the UK from the Bare Trust set up in the UK?

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