TSEM8160 - Trust management expenses: ‘properly chargeable to income’ : apportionment and tax: recording and evidence: introduction

Sections TSEM8162-8168 give guidance on what level of records HMRC would expect to be kept where an expense is claimed to be properly chargeable to income in general trust law:

TSEM8162 gives guidance on what to do if an expense is separately recorded

TSEM8164 gives guidance on what to do if an expense is not separately recorded but time records are kept

TSEM8166 gives guidance on what to do if expense not separately recorded and time records are not kept but there is other documentation

TSEM8168 gives guidance on what to do if expense not separately recorded and time records not kept and there is no other documentation

In the event of an enquiry HMRC may seek further information either informally or through formal notice.