The following information is needed for both taxable and non-taxable Trusts, but for taxable Trusts you should check what extra information you may need to provide.

Taxable and non-taxable Trusts

You’ll need:

*    the name of the Trust
*    the date the Trust was created
*    to say if the Trust is an express Trust or not
*    details about whether a non-UK Trust has a business relationship in the UK
*    details about any UK land or property the Trust has purchased

You should be able to find these details in the Trust Deed and from any correspondence that the Trust has had with HMRC.

Lead Trustees

All Trustees are equally legally responsible for the Trust, but you must nominate one ‘lead’ Trustee to be the main point of contact for HMRC. The lead Trustee will receive the Trust’s UTR if registering a taxable Trust and a Unique Reference Number (URN) if registering a non-taxable Trust. You will need to keep their contact information up to date.

You’ll need to give their:

*    name
*    date of birth
*    National Insurance number and address (if they’re a UK citizen)
*    passport details and address (if they’re not a UK citizen)
*    telephone number
*    country of residence
*    country of nationality

If the lead Trustee is an organisation, you’ll need to give their:

*    organisation name
*    organisation UTR
*    address
*    telephone number
*    email address
*    country of residence

Deceased settlors

A settlor is an individual who has put assets into a Trust.

You must give their name, and if available their:

*    date of birth
*    date of death
*    last known country of residence
*    country of nationality

Other individuals and organisations

For other individuals involved in the Trust including more Trustees, living settlors, protectors and beneficiaries you should give their:

*    name
*    date of birth
*    country of residence
*    country of nationality
*    mental capacity at the time of registration — HMRC will assume the individual does have mental capacity, unless you tell us they do not

For all other organisations involved in the Trust you’ll need to give their:

*    organisation name
*    address
*    country of residence

Beneficiaries

You should give the details of all known beneficiaries who can benefit from the Trust. If you have more than 25 beneficiaries in any one beneficiary type, keep a note of additional beneficiaries for your own records.

Named beneficiaries

You must give details of all individuals, Trusts, charities and organisations named as beneficiaries in the deed. Some named beneficiaries will only benefit when a certain event happens, like when another beneficiary dies. You can include these in a class of beneficiaries until the event occurs. At that point, provide their details on the register as a named beneficiary.

Classes of beneficiaries

You can use a ‘class’ of beneficiaries to describe a group of individuals who are not yet known or named individually in the Trust Deed, for example, future grandchildren. This can also include named potential beneficiaries. When a member of a class of beneficiaries benefits from the Trust, and so becomes known, you must give their details. You will be asked to give a description of each class.

Employment related Trust beneficiaries

This is used to record beneficiaries who are part of an organisation, for example, employees of a company.

You’ll also need to give an approximate number of beneficiaries in the group.

Ownership or controlling interest in a company based outside the EU, Norway, Iceland or Liechtenstein

This is where a Trust has ownership of, or a controlling interest in, a company based outside the EU, Norway, Iceland or Liechtenstein.

You’ll need the:

*     company name
*    company address
*    country whose laws govern the company
*    date when the Trust took controlling interest

Additional information for taxable Trusts

You’ll need:

*    the type of Trust
*    details about how it was set up
*    the Trust’s UTR (if it has one)

Deceased settlors

You’ll need their:

*    National Insurance number (if they’re a UK citizen)
*    address
*    passport details and address (if they’re not a UK citizen)

Other individuals and organisations

You must also give one of the following:

*    National Insurance number (if they’re a UK citizen)
*    their address
*    passport details and address (if they’re not a UK citizen)

Shares

You’ll need the:

*    share company name
*    number of shares
*    class and type of share
*    approximate value of the shares when you register the Trust

Partnership

You’ll need the partnership:

*    description
*    start date

Business

You’ll need the:

*    business name
*    business description
*    business address

approximate value of the business when you register the Trust

Property and land

You’ll need the:

*    address, name or description of the property or land
*    estimated full value of the property or land at the time of registering the Trust
*    estimated value of the portion of land or property held in Trust if it does not own it all

Money

You’ll need the total amount of money in the Trust.

Other assets (such as cars, jewellery or art)

You’ll need:

*    a description of the asset
*    the value of the asset when you register the Trust

If you would like to discuss your Trust, please contact us on 01684 892000 or complete the contact form below:

Trust Registration Service

NameVictoria Knight
PositionDirector
Telephone01684 892000