Taxation of UK trusts: overview
An overview of the taxation of UK resident trusts set up by UK individuals. The note outlines how inheritance tax, capital gains tax and income tax apply to trusts, including special rules for trusts from which the settlor may benefit and trusts for vulnerable beneficiaries. It deals briefly with stamp taxes. There are links to more detailed information, including information about specific taxes.
We are updating this note in the light of the Finance (No. 2) Bill published on 15 July 2015 (see Legal update, Finance (No. 2) Bill 2015 published: private client tax measures).