TSEM10325 | Non-resident trusts: settlor’s chargeability: income tax - minor unmarried child - credit for tax paid - Extra Statutory Concession A93 - conditions for relief

For relief to be given to the settlor, the trustees must:

• have made trust returns giving details of all sources of trust income and payments made to beneficiaries for each and every year for which they are required;

• have paid all tax due to HMRC from the inception of the trust, and any interest, surcharges and penalties arising; and

• keep available for inspection any relevant tax certificates.