What is this website?financial well being website
Maybe have a look on financial well being website as it has lots of information on it.
Alan - the guy who runs it is a solicitor.Special Needs Trust Planning - Financial Wellbeing
Information for parents who have a child with special needs. Wills, Trusts, Guardians, Trustees, entitlements and future trust planningwww.financialwellbeing.ie
I couldn't remember that guy earlier. Great info on investing and providing financial planning for special needs, but I doubt very much they cover property held through a discretionary trust which is more a legal matter than one for a financial advisor?
Ah, I didn't realise that, thanks. I must have a look through his videos when I get time.Alan - the guy who runs it is a solicitor.
They are hosting a free webinar on it. I've booked a space in Nov. Thank youAlan - the guy who runs it is a solicitor.
Thank you, I have been granted a consultation with the CI legal teamYes, it's possible to either transfer a property into a trust, or for the trust to purchase a property.
I'm not aware of an exemption to stamp duty, but these are usually created through a will and there us no stamp duty on property transfers as part of a will. There are exemptions to CAT and trust taxes, but the trust needs to apply for them.
Be careful when researching to ensure everything you are looking at is based in Republic of Ireland. The treatments are different in other countries, and I've noticed before that a small number of accountants and legal firms in the North use ".ie" websites.
You need legal advice from someone familiar with setting these up regularly. I've no idea of the overall costs, but I would imagine stamp duty at 1% will quickly look relatively small.
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