Commentaries

Tax Memo


 CHAPTER 7   Administration 


 SECTION 1   Income tax and capital gains tax 

The income, gains and losses of trusts and estates are declared to HMRC in the form of a self-assessment return, unless a simple assessment is issued by HMRC.
The Trusts Registration Service (TRS), which was introduced in 2017, allows agents and trustees to inform HMRC that a new trust has been created (replacing the use of form 41G (Trust)). Once this information is received, HMRC will allocate a reference to the trust, and issue tax returns under self-assessment. The TRS is intended to facilitate communication betwe...

Login with your username and password to access this content.

Free online demonstration

Discover all the possibilities of this online solution with a free, no obligation demonstration. A member of the team will take you through its features and benefits absolutely free of charge. No risk, no strings, no charge.

Annual subscription

I'd like to take out an annual subscription for just £709 + VAT

Price: £709 + VAT