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HMRC internal manual

Trusts, Settlements and Estates Manual

HM Revenue & Customs
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Introduction to trusts: legal background - trust law: whether a trust exists

Sometimes taxpayers claim that they hold assets on trust for someone else. If there is no formal trust deed to support such a claim, the claim may be open to doubt. If you are unsure whether a trust exists in a specific case, and it is material for Income Tax or Capital Gains Tax purposes, consult the guidance in TSEM9000+. But if the tax issue is private residence relief (TCGA92/S225), consult the guidance in CG65400+. External customers can find this guidance at