TRUSTS – Practitioners puzzled by FATCA requirements

What is relevance of US IRS in Northern Ireland ?

UK practitioners are still finding it hard to accept that they may have to register trusts with the US Internal Revenue Service even where there are no US connections. However guidance issued by STEP and the Law Society concerning the UK-US FATCA agreement leaves little room for doubt.

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The firm aims to give its clients the benefit of long experience, which is considerable bearing in mind the fact that all of the partners have been in practice in Northern Ireland for over twenty or more years.

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