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Trustees Accounts

Trusts are a relatively easy and very tax efficient way to set aside assets for future beneficiaries outside of the inheritance tax net. We can advise on the most suitable type of trust for your purposes, set up trusts, and prepare trust accounts for different types of trusts, both on-shore and offshore and our trust accounts will provide the following information for the trustees and the beneficiaries of the trust.

  • Schedule of property investments
  • Income balance sheet
  • Settled fund/capital account
  • Calculation of beneficiary shares
  • Accumulated income fund

These trust accounts will be used by the tustees to complete a trust self- assessment tax return

We work closely with the Settlors, Trustees and Beneficiaries of the trust by reviewing the trust accounts keep all parties informed about the contents of the trust accounts and protected and ensure the correct information is given to HMRC on a timely basis to ensure the trustees are complying with all the legal requirements and paying the correct amount of tax.