TRSM25020 - Types of trust that need to be registered: contents: registrable taxable trusts: contents: what is a relevant trust

A ‘relevant trust’ is any one of the following:

• a UK express trust (see TRSM21020 and TRSM21030);
• a non-UK express trust which is liable to UK taxation as a result of receiving UK source income or holding assets in the UK (see TRSM25030); or
• any other non-UK express trust which is not excluded by the exclusions listed at TRSM23000 onwards, where one of the following applies:
  • at least one trustee is UK resident and the trustees enter into a business relationship with a UK relevant person (see TRSM24000); or
  • the trustees acquire land or property in the UK.