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  • Reporting Transfer of Property SA900/SA905

    How do I report the transfer of a property gifted outright in a will to a beneficiary using SA900/SA905 if there is no tax to pay?
  • TRS and informal reporting

    Can an estate with very little tax to pay still be reported informally if it has to register on the TRS as a taxable trust because it has been in administration for more than 2 years?
  • TRS: Estate to Trust at 2 Years consequences?

    I understand the primary purpose of the TRS is anti money laundering so does registering a run-of-the-mill ordinary estate with the TRS (exclusively because it's administrative period has exceeded 2 years) actually turn it into a trust? Trusts and regular estates are handled differently and have different rates and allowances. Would this mean, for example, that the executors would now become trustees. Would they as trustees be subject to Trustee rates and allowances, which are lower, would the estate be deprived of allowances such as the RNRB which are not available to most trusts, even though the IHT postion had long been settled? Effectively does the estate have to be 're-done' because TRS registration now makes it a trust?