CG33071 - Trusts: Administration

The taxation of trusts of UK and non-UK resident trustees is dealt with in WMBC Assets (Edinburgh).

Any question concerning the trustees鈥� tax liabilities should be referred to WMBC Assets (Edinburgh).

The WMBC Assets (Edinburgh) do not normally deal with:

  • Bare trusts, see CG33020.
  • Any case in which a beneficiary is liable on the disposal of an interest in a trust. For example, an interest acquired for consideration, see CG38010. HMRC Capital Gains Technical will give advice on the disposal of an interest in a non-resident trust if advice cannot be obtained from WMBC Assets (Edinburgh). See CG38040.
  • The disposal by the settlor when they settle the trust. See CG35700.