17.07.26
Changes to HMRC’s Trust Registration Service (TRS): What UK Trustees Need to Know The Money Laundering and Terrorist Financing (Amendment) Regulations 2026 came into force on 30th June 2026 following a lengthy consultation period. Amongst other things, the Regulations make a number changes to HMRC’s Trust Registration Service (TRS) that…
03.06.26
Common Trustee Mistakes: What You Need to Know to Stay Compliant with UK Trusts Being a Trustee is a significant responsibility and getting things wrong can come at a cost. Trustees can be personally liable to compensate the Trust for any loss caused by making mistakes, such as missing deadlines…
23.03.26
A Trust tax pool is a running total of income tax that a Trust has already paid to HMRC. Rather than being linked to one specific beneficiary, this tax sits in a central pot (tax pool). This is similar to a bank account, but instead of cash, it holds tax credits.…
17.03.26
With the end of the 2025/26 tax year fast approaching on 5 April 2026, now is the time to pause, review, and take stock. The weeks before the tax year end can make a meaningful difference to the Trust’s tax position and long-term planning. Below are some key considerations before…
07.11.25
New Registration Requirements for Trustees Expanding the UK’s AEOI Framework under CRS and FATCA – Enhancing Transparency Across Financial Institutions The UK Government has introduced a series of amendments to the Automatic Exchange of Information (AEOI) Regulations, implementing the Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act…
11.06.25
The duties of care owed by a Trustee are extensive and originate from common law, legislation and from the provisions of the Trust deed itself. Trustees can be personally liable for breaching the terms of the Trust or failing to abide by their duties of care. Trustees must therefore consider…
16.01.25
Key Trends and Headlines Trustees Should Watch for in 2025 As 2025 begins, Trustees overseeing Trusts and estates for disabled beneficiaries face new challenges and opportunities. From economic shifts to advancements in technology, these developments require Trustees to stay informed and adaptable to continue fulfilling their responsibilities effectively. Here, we…
20.11.24
Understanding the Impact of the Autumn 2024 Budget on Trusts The Autumn 2024 budget delivered by Chancellor Rachel Reeves introduces several significant changes to the tax landscape, particularly regarding Capital Gains Tax (CGT), Inheritance Tax (IHT), Agricultural Property Relief (APR), and Business Property Relief (BPR). These changes have important implications…
19.09.24
Why use a Trust Corporation as a Trustee? When it comes to managing and protecting your assets, selecting the right Trustee is one of the most critical decisions you’ll make. While individuals, such as family members or close friends, can act as Trustees, there are significant benefits to appointing a…
05.08.24
LEI for Trusts Understanding the complexities of financial regulations can be daunting, especially for Trustees of a Trust. One critical aspect that Trustees should have knowledge of is the Legal Entity Identifier (LEI) requirement, which is essential to ensure compliance with various reporting obligations. This blog post delves into the…
