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CG33071 | Trusts: Administration

From HM Revenue & Customs · Capital Gains Manual

The taxation of trusts of UK and non-UK resident trustees is dealt with in WMBC Assets (Edinburgh).

Any question concerning the trustees’ tax liabilities should be referred to WMBC Assets (Edinburgh).

The WMBC Assets (Edinburgh) do not normally deal with:

  • Bare trusts, see CG33020.

  • Any case in which a beneficiary is liable on the disposal of an interest in a trust. For example, an interest acquired for consideration, see CG38010. HMRC Capital Gains Technical will give advice on the disposal of an interest in a non-resident trust if advice cannot be obtained from WMBC Assets (Edinburgh). See CG38040.

  • The disposal by the settlor when they settle the trust. See CG35700.