beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Trusts, Settlements and Estates Manual

Legal background to trusts & estates: splitting an absolute interest


A person with an absolute legal interest can create beneficial interests over that asset. He can

  • retain the legal interest, or
  • pass the legal interest to trustees, or
  • transfer the legal interest to a nominee while retaining the beneficial interest.

TSEM6213 explains how this division can create a trust