Trusts and Estates

If you've set up a trust or certain other financial arrangements, HMRC's anti-avoidance rules may treat the trust's income as if it's your own, meaning you'll pay tax on it even though you don't receive it directly. These rules prevent people from reducing their tax bills by d...

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Trust Management Expenses (TMEs) are the costs of running a trust that trustees can deduct when working out how much tax the trust needs to pay. The rules differ significantly depending on what type of trust you're dealing with, and getting this wrong can mean paying more tax...

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Trusts face their own Capital Gains Tax (CGT) rules when trustees sell or dispose of assets. The tax treatment depends on the type of trust, with different annual exemptions and rates applying compared to individuals, and special rules govern how gains are taxed when assets ar...

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Trusts are separate legal arrangements that can own assets and receive income, and they face different tax rules depending on their type. If you're a trustee or beneficiary, understanding how trust income is taxed, what expenses can be claimed, and what reporting is required will help you meet your...

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