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?

Thanks for replies. Is there anything I can do as I was trustee rather than beneficiary? Ask the investment company for a new chargeable event certificate in names of the two beneficiaries as they won’t be liable for tax on this gain due to level of it?

Hi, I received the chargeable events certificate for this but it is only in my name as trustee not the declared beneficiaries who are not named on it. If I send this does that mean that I will be taxed as doesn’t have their names or do I need the fund provider to resend a certificate for them?