Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Mon, 16 Sep 2024 14:34:12 GMT by Emily TH
Hello My father's will set up a 2 IPDI trusts, each holding his share of one of 2 properties. Both of which were held as tenants in common with my mother. The beneficiary / life tenant is my mother and the trustees are my mother, my sister and me. Property 1 is my mother's home Property 2 is currently a holiday let Can the trusts be registered with HMRC by me (in my capacity as a trustee), or do I need to instruct a solicitor? Will HMRC tell me if the trusts are taxable when I register them, or is it my responsibility to determine whether they are taxable? If so, where can I find the information I need to determine their status? Thank you
Posted Wed, 25 Sep 2024 12:36:35 GMT by HMRC Admin 20 Response
Hi,
Please refer to Trusts and taxes or telephone 0300 123 1072.
Thank you.

You must be signed in to post in this forum.