Skip to content
Solved

TRSM25020 | Types of trust that need to be registered: contents: registrable taxable trusts: contents: what is a relevant trust

From HM Revenue & Customs · Trust Registration Service Manual

A ‘relevant trust’ is any one of the following:

  • a UK express trust (see TRSM21020 and TRSM21030);

  • a non-UK express trust which is liable to UK taxation as a result of receiving UK source income or holding assets in the UK (see TRSM25030); or

  • any other non-UK express trust which is not excluded by the exclusions listed at TRSM23000 onwards, where one of the following applies:

    • at least one trustee is UK resident and the trustees enter into a business relationship with a UK relevant person (see TRSM24000); or

    • the trustees acquire land or property in the UK.