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Trusts

Introduction to trusts

What trusts are and how they work, dealing with a new trust and getting help with trust tax

Types of trust and tax implications

UK family trusts - interest in possession, discretionary, trusts for vulnerable people - and other types of trust

Trustee tax obligations

Trustee duties - filing annual tax returns, record keeping and telling HMRC about new trusts, trust changes and events

Completing the Trust and Estate Tax Return

Completing and filing the trust tax return - filing online, avoiding common mistakes, tax return deadlines and penalties

Trusts and Income Tax

How different types of trust income are taxed, what management expenses and reliefs can be deducted, understanding the tax pool

Trusts and Capital Gains Tax

Capital Gains Tax exemptions and reliefs for trustees and notifying HMRC about a trust disposal or gain

Trusts and Inheritance Tax

Inheritance Tax on transfers into and out of trusts, ten-year charges, completing form IHT100 and understanding relevant property

Beneficiaries: paying and reclaiming tax on trusts

Trust tax responsibilities for beneficiaries including how to reclaim tax on trusts

See also...