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Posted Thu, 11 Jul 2024 21:08:42 GMT by MB74 Breen
I opened a trust for my children and the gain was around £7,000. They were beneficiaries but the chargeable event certificate was issued to me. As the trust is now closed what do I need to do - just declare the gain (even though I personally didn’t benefit) on my self assessment return or do I also need to do a trust and estate tax return also?
Posted Wed, 17 Jul 2024 07:52:04 GMT by HMRC Admin 25 Response
Hi MB74 Breen,
Please refer to the following guidance here:
Trusts and taxes
Thank you. 

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