Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
, see all updates

Bare trusts: introduction

If it is not settled property then the trustees are holding it as `BARE TRUSTEES’ for one or more persons who are absolutely entitled to it. (In English and Irish law it is common to talk about these persons as having `beneficial ownership’ in comparison with the `LEGAL OWNERSHIP’ of the trustees.)