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A trust is a way of managing assets (money, investments, land or buildings) for people - types of trust, how they are taxed, where to get help.
A trust is a way of managing assets (money, investments, land or…
The main types of trust are: bare trusts interest in possession trusts…
These are trusts set up by parents for children under 18 who have never…
Some trusts for disabled people or children get special tax treatment.…
Most trusts do not pay Income Tax on income up to a tax-free amount…
Capital Gains Tax is a tax on the profit (‘gain’) when something (an…
Inheritance Tax may have to be paid on a person’s estate (their money and…
If you’re a trust beneficiary there are different rules depending on the…
As the trustee, you’re responsible for reporting and paying tax on behalf…
Most trusts need to be registered. There are some cases where you do not…
Use form R185 (trust income) to tell beneficiaries about amounts paid or entitlements to income from a trust.
Use supplementary pages SA107 to record income you received from a trust, settlement or deceased person's estate on your SA100 tax return.
Use form R185 (Estate Income) to advise beneficiaries about income from the estate of someone who has died.
Use form VPE1 if your trust is set up for the benefit of a disabled person or a bereaved minor and you want to make a vulnerable person election.
Use form R185 to confirm Income Tax has been deducted from the payment of interest, annual payment or annuity.
Use form R185 (Settlor) if you're a trustee and need to tell the settlor about income arising from the trust in which they retain an interest.
Use supplementary pages SA901 to declare details of trades on the SA900 Trust and Estate Tax Return.
Use form SFE1 if you are a trustee and want to elect for a fund or other part of settled property to be treated as a separate settlement.
Use this form to tell us that Inheritance Tax is due on assets that have stopped being held in an '18 to 25' trust.
Use form 50(FS) if you're a non UK resident trustee to tell HMRC about possible Capital Gains Tax liabilities of UK resident settlors or beneficiaries, or both.
Use form RBE1 if you're a trustee of a settlement that was non-UK resident in 2008-09 and want to make a Capital Gains Tax 'rebasing election'.
Use form R185 (Pension LSDB) to provide a beneficiary information about a payment funded by a taxable lump sum death benefit.
Use form R185 (Pension scheme admin) to provide a trust information about a taxable lump sum death benefit.
Don’t include personal or financial information like your National Insurance number or credit card details.
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