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Posted Wed, 27 Mar 2024 12:24:09 GMT by Pradip Dattani
We formed a discretionary trust which holds our rental property. Trust beneficiaries are the grandchildren. Trust was formed with the help of a firm of solicitors. Can the cost of setting up the trust be considered as an allowable expense for the Trust when filling in the self assessment? Please can someone help clarify this? Thank you in advance.
Posted Thu, 28 Mar 2024 16:43:13 GMT by HMRC Admin 25 Response
Hi Pradip Dattani,
Please refer to:
TSEM8200 - Trust management expenses: accumulation/discretionary trusts: contents
Or contact the Trust helpline on 0300 123 1072.
Thank you.

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