Emily TH

Hello My father's will set up a 2 IPDI trusts, each holding his share of one of 2 properties. Both of which were held as tenants in common with my mother. The beneficiary / life tenant is my mother and the trustees are my mother, my sister and me. Property 1 is my mother's home Property 2 is currently a holiday let Can the trusts be registered with HMRC by me (in my capacity as a trustee), or do I need to instruct a solicitor? Will HMRC tell me if the trusts are taxable when I register them, or is it my responsibility to determine whether they are taxable? If so, where can I find the information I need to determine their status? Thank you

Hello, I'm not sure I'm in the right place to ask this but hopefully someone can help. The property is a holiday let. It is half owned my my mother and half is in a Immediate post death interest trust set up in my father's will, with my mother as sole beneficiary. Myself, sister and mother are trustees of the trust. Does 50% of the income have to be paid into a trust bank account before going to my mother, or can it go direct to her, considering she is sole beneficiary of the trust? Do we have to fill out an annual tax return for the trust? Which forms need to be filled in? We have had some conflicting advice and been warned that it is very difficult to set up a trust bank account. Any help is welcome. Thank you