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A trust is a way of managing assets (money, investments, land or buildings) for people - types of trust, how they are taxed, where to get help.

• Overview

  A trust is a way of managing assets (money, investments, land or…

• Types of trust

  The main types of trust are: bare trusts interest in possession trusts…

• Parental trusts for children

  These are trusts set up by parents for children under 18 who have never…

• Trusts for vulnerable people

  Some trusts for disabled people or children get special tax treatment.…

• Trusts and Income Tax

  Most trusts do not pay Income Tax on income up to a tax-free amount…

• Trusts and Capital Gains Tax

  Capital Gains Tax is a tax on the profit (‘gain’) when something (an…

• Trusts and Inheritance Tax

  Inheritance Tax may have to be paid on a person’s estate (their money and…

• Beneficiaries - paying and reclaiming tax on trusts

  If you’re a trust beneficiary there are different rules depending on the…

• Trustees - tax responsibilities

  As the trustee, you’re responsible for reporting and paying tax on behalf…

• When you must register a trust

  Most trusts need to be registered. There are some cases where you do not…

Use form IHT100 and supplementary pages D31 to D40 to tell HMRC about chargeable events when Inheritance Tax is payable on a trust or gift.

• From: HM Revenue & Customs

• How to fill in form IHT100 (IHT110)

  Introduction Important note Some significant changes to the way…

Use form R185 (trust income) to tell beneficiaries about amounts paid or entitlements to income from a trust.

• From: HM Revenue & Customs

Use form R185 (Estate Income) to advise beneficiaries about income from the estate of someone who has died.

• From: HM Revenue & Customs

Use supplementary pages SA107 to record income you received from a trust, settlement or deceased person's estate on your SA100 tax return.

• From: HM Revenue & Customs

Use form VPE1 if your trust is set up for the benefit of a disabled person or a bereaved minor and you want to make a vulnerable person election.

• From: HM Revenue & Customs

Use form R185 to confirm Income Tax has been deducted from the payment of interest, annual payment or annuity.

• From: HM Revenue & Customs

Use form R185 (Pension LSDB) to provide a beneficiary information about a payment funded by a taxable lump sum death benefit.

• From: HM Revenue & Customs

Use form R185 (Settlor) if you're a trustee and need to tell the settlor about income arising from the trust in which they retain an interest.

• From: HM Revenue & Customs

Use form R185 (Pension scheme admin) to provide a trust information about a taxable lump sum death benefit.

• From: HM Revenue & Customs

Use form 50(FS) if you're a non UK resident trustee to tell HMRC about possible Capital Gains Tax liabilities of UK resident settlors or beneficiaries, or both.

• From: HM Revenue & Customs

Use supplementary pages SA901 to declare details of trades on the SA900 Trust and Estate Tax Return.

• From: HM Revenue & Customs

Use form RBE1 if you're a trustee of a settlement that was non-UK resident in 2008-09 and want to make a Capital Gains Tax 'rebasing election'.

• From: HM Revenue & Customs

Use form SFE1 if you are a trustee and want to elect for a fund or other part of settled property to be treated as a separate settlement.

• From: HM Revenue & Customs