Andrew Goldstone and Katya Vagner (Mishcon de Reya) provide the monthly update on the latest tax developments affecting private clients.
HMRC’s Trusts and Estates Newsletter
The December newsletter focused on the trust registration service (TRS) guidance and pulled together the information from previous publications. HMRC confirmed that it is extending to 2017/18 and 2018/19 interim arrangements not requiring trustees and personal representatives to submit tax returns where the only source of income is savings interest and the tax liability is below £100. Guidance to accompany the legislation containing the changes to the non-dom rules and offshore trusts is due to be published in January.
Why it matters
TRS guidance provides a summary of the information that must be submitted for registration of a trust or complex estate and also includes information on the determination of a beneficiary and how the registration questions should be answered where the information...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
Andrew Goldstone and Katya Vagner (Mishcon de Reya) provide the monthly update on the latest tax developments affecting private clients.
HMRC’s Trusts and Estates Newsletter
The December newsletter focused on the trust registration service (TRS) guidance and pulled together the information from previous publications. HMRC confirmed that it is extending to 2017/18 and 2018/19 interim arrangements not requiring trustees and personal representatives to submit tax returns where the only source of income is savings interest and the tax liability is below £100. Guidance to accompany the legislation containing the changes to the non-dom rules and offshore trusts is due to be published in January.
Why it matters
TRS guidance provides a summary of the information that must be submitted for registration of a trust or complex estate and also includes information on the determination of a beneficiary and how the registration questions should be answered where the information...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
