Consultation outcome

The taxation of trusts: a review

This consultation has concluded

Download the full outcome

Detail of outcome

We received just over 100 written responses from a variety of stakeholders. Responses came primarily from representative bodies, advisers, trustees and users of trusts, with a smaller proportion being submitted by non-governmental organisations and individuals.

The responses did not indicate a desire for comprehensive reform of trusts at this stage. The government will keep the issues raised under review.

You can read the summary of responses on this page.

Original consultation

Summary

This consultation sets out the principles for taxing trusts and seeks views and evidence on reform in line with them.

This consultation ran from
to

Consultation description

We are inviting views on the principles that government believes should underpin the taxation of trusts: transparency, fairness and simplicity.

The consultation document provides examples of areas where government believes these may not be fully met and seeks views and evidence on the case for and against reform to these and other areas. It will be of interest to people who create, manage or benefit from trusts.

The recently published research report Exploring the use of trusts may also be of interest.

Please note that the closing date for responses has been extended to 28 February 2019.

Documents

The Taxation of Trusts: A Review

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Published 7 November 2018
Last updated 23 March 2021 + show all updates
  1. Published outcome summary and summary of responses.

  2. The closing date for responses has been extended to 28 February 2019.

  3. First published.