Trust Tax & Administration

Managing trusts to ensure that you meet all the tax and regulatory requirements including the impact of changing asset values and beneficiary wealth. 

Once a trust has been set up there are a variety of ongoing trust administration and tax requirements that need managing and we can support you with all aspects.  

First, the assets held in the trust need to be managed with the best interests of the beneficiaries in mind. Depending on the nature of the trust, this may involve managing any investments as well as making sure any distributions from the trust are carried out in line with the trust agreement. 

There will likely be ongoing tax matters to manage – for example if there are changes to the value of any assets in the trust or to the wealth of any trust beneficiaries. If the trust assets are liable for tax, a tax return will need to be submitted annually with any outstanding tax paid. This is a core trustee responsibility. 

Whether the settlor, a trustee or the beneficiary, we can advise on all aspects of administering a trust and the associated tax obligations where appropriate, ensuring that legal obligations are met, and penalties & disputes avoided. 


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