Trusts: record keeping tips and legal requirements Lee Blackshaw CTA, TEP, ATT (Fellow)
Trusts record keeping Watch out for 10 year charges, after 2006 changes Where is the original? Who to trust IHT has copies? Any letter of wishes? Deed IHT Annual, even if dormant HMRC online and one page. Trusts Essentials requirement for trusts Accounts register with tax footprint (inc Plus CGT holdover SDLT, IHT, SDRT). elections, base costs, IHT reference, next important event. EU 4 th AML Meetings Reg 44 of The Money Laundering, Terrorist Financing and Transfer of Annual, to benchmark Funds (Information on investments and meet the Payer) Regulations Trustee Act 2000 2017 requirements
Conclusion and questions Summary : more administrative requirements but good reasons to meet your clients lee@blackshawtax.com 07720 298442 Blackshaw Tax Ltd is a company registered in England & Wales with company number 10051657 and registered office 43 Mayors Road, Altrincham Cheshire WA15 9RW. VAT registration number GB 236 3857 87. Blackshaw Tax Ltd does not accept liability for reliance on this presentation by attendees or other parties. Full advice should be taken subject to an agreed engagement letter and terms of business.
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