Trust tax advice UK | Trusts and trustees

Trusts remain one of the most flexible ways to manage and protect family wealth. They can safeguard assets for children, provide income for vulnerable beneficiaries, and maintain continuity across generations. Although often perceived as complex, in the right circumstances a trust can be an excellent way of protecting your assets and managing your estate for the future.

A trust, or settlement, arises when assets are transferred to trustees who hold them, together with the income they generate, for the benefit of one or more individuals.

Trust advice and estate planning

We advise on both UK and offshore trusts, helping settlors, trustees, and beneficiaries to understand the options available and to manage their obligations with confidence. Whether created during a lifetime or on death through a will, a trust can play a vital role in succession planning and in ensuring family wishes are respected.

Trust tax compliance and trustee responsibilities

Our service covers the full lifecycle of a trust. At the outset we explain the tax consequences of establishing a trust, guide you in selecting the right structure, and manage registration with HMRC.

During the life of the trust, we support trustees with tax compliance, including annual tax returns and inheritance tax reporting including reporting under the Trust Registration Service, as well as providing advice on distributions and loans.

When the time comes to wind up a trust or appoint trust assets to beneficiaries, we explain the implications, manage the reporting requirements, and work closely with your solicitor to ensure the process is handled smoothly and efficiently.

International trusts and cross-border tax advice

Where trusts involve assets or beneficiaries overseas, our membership of INPACT, a global alliance of independent accountancy firms, allows us to coordinate advice across jurisdictions. This ensures trusts remain compliant and efficient internationally, while helping to prevent unnecessary double taxation.

Trusts can be a powerful way to protect assets and manage wealth across generations, but they come with complex tax and reporting requirements. Our specialists provide clear, practical advice to help you establish, manage, and wind up trusts with confidence, ensuring your obligations are met and your long-term goals are supported.

Get in touch

Contact our private client tax team today to discuss how we can support your owner-managed business, ensuring your tax affairs, both personal and business are structured efficiently, and your tax compliance obligations are fully met.

Get in touch

Meet our private client team

If you want to find out more or to discuss your personal requirements, don’t hesitate to get in touch. Our Chartered accountants in London and St Albans accountants below will be happy to help.