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Contents

Official guidance
Trusts, Settlements and Estates Manual

TSEM8700 · Trust management expenses: allowable expenses: specific items

  • TSEM8705 · Introduction
  • TSEM8710 · Accountancy: general
  • TSEM8712 · Accountancy: preparation of trust accounts
  • TSEM8713 · Accountancy: audit of trust accounts
  • TSEM8715 · Accountancy: preparation of trust tax return
  • TSEM8717 · Accountancy: software for making returns
  • TSEM8719 · Accountancy: obtaining tax advice
  • TSEM8720 · Bank charges
  • TSEM8723 · Depreciation
  • TSEM8726 · Distributions of income
  • TSEM8729 · Insurance premiums for trust assets
  • TSEM8730 · Trust management expenses for income tax purposes: what expenses are allowed: specific items: interest: general
  • TSEM8735 · Interest etc. on tax bills
  • TSEM8740 · Investment advice
  • TSEM8745 · Legal costs
  • TSEM8747 · Life policies: premiums
  • TSEM8750 · Personal expenses of beneficiary
  • TSEM8755 · Property costs
  • TSEM8760 · Reimbursement of expenses to trustees
  • TSEM8765 · Running costs
  • TSEM8770 · Travel and subsistence costs
  • TSEM8780 · Trustees’ fees: general
  • TSEM8783 · Trustees’ fees: the Public Trustee
  • TSEM8786 · Trustees’ fees: trustees other than the Public Trustee: general
  • TSEM8788 · Trustees’ fees: trustees other than the Public Trustee: corporate trustees
  • TSEM8790 · Woodlands expenses
  1. Trust management expenses: allowable expenses: specific items: contents
  2. Trust management expenses: allowable expenses: specific items: travel and subsistence costs

TSEM8770 | Trust management expenses: allowable expenses: specific items: travel and subsistence costs

From HM Revenue & Customs · Trusts, Settlements and Estates Manual

The incidence of travel and subsistence costs properly incurred by trustees depends on their purpose. The matter turns on whether those expenses were incurred exclusively to confer benefit on the income beneficiaries of the trust.

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