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HMRC internal manual

Trusts, Settlements and Estates Manual

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HM Revenue & Customs
Updated
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Capital items that are income for tax purposes: Trustees: Capital Gains Tax

Trustees are liable to capital gains tax. There are specific rules governing their capital gains tax liability. Full instructions are in the Capital Gains Manual. Help Sheet HS294 contains an introductory guide to the way in which UK resident trustees are dealt with for capital gains tax purposes. External customers can find this guidance at

Guidance about trustees

CG33070+ onwards provides a general outline of the tax position of trustees, beneficiaries and settlors. External customers can find this guidance at

CG33110+ onwards has a summary of CGT provisions that relate to trusts. External customers can find this guidance at

Submissions about CGT

Send CGT submissions to Capital Gains Technical Group unless the instructions indicate otherwise.