UK Trust Registration Service - more trusts required to register by 1 September 2022 - Follow Up Examples
Our factsheet of 11 July 2022 set out the main issues concerning the extension to the HMRC Trust Registration Service to all UK express trusts, unless they are one of the few types of trusts which the regulations specifically exclude. This note provides some examples of non-taxable express UK trusts and whether they are required to register.
An express trust is a trust deliberately created by a settlor, usually in the form of a written deed or declaration of trust. This distinguishes from trusts that are created by a statutory provision rather than a deliberate action of the settlor.
