The Trust Registration Service
Adviser area – If you’re a customer please visit the customer section
What is the Trust Registration Service?
The Trust Registration Service is an online register managed by HMRC. It contains details that trustees must provide about the trust, the settlor, the trustees, and the beneficiaries.
-
What is the scope of the Trust Registration Service?
The scope of the service includes most existing and new express UK trusts (plus some non-UK) regardless of their UK tax liability status.
-
Who does the Trust Registration Service apply to?
Existing Discounted Gift Trusts, Loan Trusts, Gift Trusts and any trust holding an investment bond that were in existence on or after 6th October 2020 must register by 1st September 2022. New trusts created after 1st September 2022 have 90 days to register.
-
When does a trust need to be registered?
Existing Discounted Gift Trusts, Loan Trusts and Gift Trusts must register by 1st September 2022. New trusts created after this have 90 days to register.
-
How can advisers add value?
Advisers can help their clients understand their responsibilities under the Trust Registration Service , including practicable support in the registration process itself