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Bare Trusts News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Bare trusts exempt from new reporting rules for 2023, CRA says

The move comes after recent legal amendments meant to increase transparency around trusts caused an uproar among both many affected taxpayers and tax professionals

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My parents want to gift money to my son What is the most tax efficient way to do this?

Q My son is very lucky as my parents want to give money to me for him when he’s older. They’d like it to be used for college fees, etc. I believe it will be about €200pm. I heard there is a tax efficient way to do this. Can you point me in the right direction and maybe have a chance of a good return on this money please?

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Can I stop my gambler son from squandering inheritance when I die?

Can I stop my gambler son from squandering inheritance when I die?
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