Types of trust and tax implications

Bare trusts

With a bare trust each beneficiary has an immediate right to both capital and income - find out more including the tax rules

With interest in possession trusts, beneficiaries have a right to all trust income - learn more and find out how they're taxed

Understand how discretionary trusts and accumulation trusts work and how they're taxed

Mixed trusts combine different types of trusts – find out how they work and check the tax implications

The 'settlor' who puts assets into a trust can continue to benefit from those assets - find out how this works and how it affects tax

Special tax rules for trusts set up by parents for unmarried children below the age of 18

UK trusts may be set up or managed by people living abroad – find out about non-resident issues and how they affect tax

Special tax rules for trusts set up for disabled people or children who have lost a parent

Find tax guidance on sinking funds, employee share schemes, heritage and maintenance trusts and others