Trusts

Trust Registration: New Online Requirement

HMRC’s online registration service for trusts and estates is now available. All trusts and estates with a tax liability must be registered, including any already reported in paper form 41G. The deadline is 5 October 2017 – http://bit.ly/1PjPOwE

Trust registration form is now officially obsolete

Form 41G (Trust) has been withdrawn and will be replaced during summer 2017 by a new registration service. When this is available all trusts with a tax liability should use it to register with HM Revenue and Customs – http://bit.ly/1PjPOwE

HMRC survey asks why people set up trusts

HM Revenue & Customs has commissioned Ipsos MORI to conduct an independent survey to assess what motivates people to set up trusts, to help them understand the impact of policy changes in this area. Ipsos will give £50 to each…
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THE NEW REGIME FOR TRUSTS: KEY POINTS PART II

My last post on what might be called the new regime applying to relevant property trusts briefly considered some of the positives. It is now time to turn the spotlight on a couple of potential issues which trustees should be…
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Trustees and Residential Property

The government has tabled amendments to the Finance Bill extending the restriction on interest relief on let residential properties to the trustees of discretionary or accumulated income settlements. Interest paid by the trustees property business will be restricted to the…
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