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HMRC internal manual

Trusts, Settlements and Estates Manual

From
HM Revenue & Customs
Updated
, see all updates

Non-resident trusts: new non-resident trust: obtaining information

When Trusts & Estates Nottingham become aware of a non-resident trust, they need to ensure that they request sufficient information so that tax returns are not issued where the trustees have no income or gains chargeable to tax (TSEM10200+).

If the trust has been non-resident throughout a tax year, then if the trustees’ only income is ‘foreign’ income, they will not be chargeable to UK Income Tax for that year (TSEM10205).

If the trust has been non-resident throughout a tax year, then the trustees are not chargeable to Capital Gains Tax on trust gains for that year (TSEM10265).

Trusts & Estates Nottingham ask trustees to confirm in writing where the trustees believe that no liability to tax arises.