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Let our solicitors help you with trust registration.
Navigating the complex requirements of trust registration demands precision and expertise. We guide you through the entire registration process, ensuring compliance while providing clear advice that simplifies this intricate legal obligation.
FAQs
You must register your trust with HMRC as:
The responsibility for registering a trust lies with the trustees. If you’re a trustee and need help with the registration process, call our solicitors now on 0203 007 5500.
You must register your trust if it becomes liable for any of the following forms of taxation:
Moreover, you may still have to register even if your trust is not liable to taxation. This includes:
You do not need to register your trust if it doesn’t meet any of the criteria below. This includes if:
If one of these applies to your trust, and becomes liable for UK taxation, you will then need to register it.
There are other examples of trusts that are excluded from registration, including express trusts or trusts created by legislation. It is best to consult a solicitor on whether your trust requires registration in order to avoid any potential legal consequences.
If you’re unsure whether or not your trust needs to be registered, our solicitors can help. Call us directly on 0203 007 5500 to get in contact with one of our specialists.
The timeframe you need to follow when registering depends entirely on the type of trust you have. This is determined by the date the trust was made and if the trust is liable to taxation or not.
Trust type | When does it need to be registered? |
---|---|
Non-taxable trusts created on or before 6 October 2020 | Register on or before 1 September 2022 |
Non-taxable trusts created after 6 October 2020 | Register within 90 days of the trust being created or when it became liable for tax |
Taxable trusts created on or after 6 April 2021 | Register either within 90 days of the tax being created or when it became liable for tax (whichever is earlier) |
Taxable trusts created before 6 April 2021 that are liable for either Income Tax or Capital Gains Tax for the first time | Register the trust on or before 5 October in the tax year after the one in which the trust start to recieve any income or capital gains, making it liable for taxation |
Taxable trusts created before 6 April 2021 that have been liable for Income Tax or Capital Gains Tax before | Register the trust on or before 31 January in the tax year after the one in which the trust start to recieve any income or capital gains, making it liable for taxation |
Taxable trusts created 6 April 2021 that are liable for other taxes | Register on or before 31 January in the tax year after the trust becomes liable to other taxation, such as Inheritance Tax. If liable for more than one tax, you must register before the earlier of the two deadlines. |
Once registered, the HMRC will send the lead trustee a UTR within 15 working days. You’ll need this to start filing Self-Assessment tax returns.
If your trust is not liable to taxation, you can get your URN by going back into the online service once you have completed registration.
Instructing a solicitor to help you with trust registration makes the process much easier. By allowing experts to guide you through the process, you can avoid fines or potential setbacks that you might encounter by doing so alone.
If you need an experienced trust registration solicitor, contact our team by calling 0203 007 5500 or sending an email to [email protected].
Yes – our trust solicitors can help with creating a trust. To make the registration process easier, we can also do this for you upon its creation.
Whoever helped to create the trust holds no bearing on if they’re needed for registration. Our solicitors can help whether your trust was made by us or elsewhere.
Call, email or provide us with a few details of your matter, and we’ll help you arrange an initial consultation. You’ll get:
No fee surprises. Ever. Our solicitors in London and Brighton will inform you from the outset how much your case will cost and we will do everything in our power to keep costs down and within your original fee estimate.
You are our priority and law is our speciality. Our award-winning solicitors in London and Brighton ensure you know exactly where you stand from a legal perspective so you can make a well-informed decision.
With fortnightly updates on your case, you’ll never be left in the dark. Our solicitors in London and Brighton ensure you know exactly how your case is progressing and are with you every step of the way.
What we do
Our untimed initial consultations provide you with as long as you need to speak to a specialist solicitor about your matter.