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Posted Fri, 02 Aug 2024 09:36:35 GMT by C
I am a trustee for a discretionary trust and completing the trust and estate tax return on paper. I have two questions 1. Question 9A amount of the standard rate band. The settler has initiated an offshore discounted gift trust. Would this reduce the standard rate band? My understanding of the trust tax return guide is that it would not. 2. This discretionary gift trust has income from savings interest in the UK which I have declared in the tax return. The trust also holds offshore investment assets - is there any need to mention this on the trust tax return whilst these assets remain offshore?
Posted Tue, 06 Aug 2024 10:01:06 GMT by HMRC Admin 32 Response
Hi,
You will need to contact the trust office for this on 0300 123 1072.
Thank you.

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