TRSM25010 | Types of trust that need to be registered: contents: registrable taxable trusts: contents: requirements for registration

Alongside the requirements to register as registrable express trusts, trusts may be required to register if they have a liability to UK taxation. The exclusions from registering as an express trust do not apply here.

Trusts are required to register as taxable trusts if both of the following apply:

• the trust is a ‘relevant trust’ – see TRSM25020; and

• the trust has a liability to UK taxation in any given year – see TRSM25030

These trusts must register on the Trust Registration Service (TRS) and provide information as set out in TRSM32000.