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Guidance

Trusts and Capital Gains Tax (Self Assessment helpsheet HS294)

Find out how UK resident trusts are treated for Capital Gains Tax and what to include in your tax return.

Updates to this page

From:
HM Revenue & Customs
Published:
4 July 2014
Last updated:
6 April 2026
Show all updates

  1. HS294 Trusts and Capital Gains Tax (2026) added and HS294 Trusts and Capital Gains Tax (2022) removed.

  2. HS294 Trusts and Capital Gains Tax (2025) added and HS294 Trusts and Capital Gains Tax (2021) removed.

  3. The helpsheet for tax year 2023 to 2024 has been added, and the version for tax year 2019 to 2020 has been removed.

  4. The helpsheet for tax year 2022 to 2023 has been added, and the version for tax year 2018 to 2019 has been removed.

  5. The helpsheet for tax year 2021 to 2022 has been added, and the versions for tax year 2016 to 2017 and 2017 to 2018 have been removed.

  6. A new version of the helpsheet has been added for the 2020 to 2021 tax year.

  7. A new version of the helpsheet has been added for the 2019 to 2020 tax year.

  8. The 2018 to 2019 helpsheet has been added.

  9. Rates, allowances and duties have been updated for the tax year 2017 to 2018.

  10. The 'Rates of tax' section has been updated on ‘HS294 Trusts and Capital Gains Tax (2016)’ and ‘HS294 Trusts and Capital Gains Tax (2017).’

  11. The 2016 to 2017 helpsheet has been added to this page.

  12. Rates, allowances and duties have been updated for the tax year 2016 to 2017.

  13. Rates, allowances and duties have been updated for the tax year 2015 to 2016.

  14. First published.

Documents

HS294 Trusts and Capital Gains Tax (2026)

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HS294 Trusts and Capital Gains Tax (2025)

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HS294 Trusts and Capital Gains Tax (2024)

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HS294 Trusts and Capital Gains Tax (2023)

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Details

To help you fill in your tax return this helpsheet explains how UK resident trusts are treated for Capital Gains Tax and includes:

  • settlements
  • bare trusts
  • annual exemptions
  • disposals by trustees

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