Non-resident trusts: trustees’ chargeability: introduction
The basic position is that:
- Non-resident trustees are taxable on United Kingdom source income only
- Non-resident trustees are potentially not taxable on capital gains for a year the whole of which the trust is a non-resident trust.
TSEM10210 - TSEM10260 deals with Income Tax
TSEM10265 - TSEM10275 deals with Capital Gains Tax