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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: trustees’ fees: general

TSEM8780 | Trust management expenses: allowable expenses: specific items: trustees’ fees: general

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

The position on TMEs and trusts administered by the Public Trustee is explained in TSEM8783.

Otherwise, the position on trustees' fees is as set out TSEM8786 - 8788.

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