Trust income and gains: vulnerable beneficiaries: vulnerable person election - details required in the election - declarations and signatures
The form includes joint declarations by the trustees and vulnerable person that the trusts are qualifying trusts and that the information given by them is correct, and a further declaration by the vulnerable person authorising the trustees to make claims for special tax treatment as they see fit.
The form must be signed by the trustees and the vulnerable person and the address and capacity of the signatories must be given. Where the beneficiary is unable to make a legally valid election, it should be made on his or her behalf by someone who is legally entitled to do so. Depending on the circumstances this could be a parent, guardian or a person having the relevant powers of attorney.