This work covers registering trusts with HM Revenue & Customs and keeping the Trust Registration Service up to date. It includes reporting trustee details, settlor information, and beneficial ownership to ensure compliance with anti-money laundering rules and tax obligations. A solicitor in this area helps prepare and submit registrations, amend entries when circumstances change, and advise on ongoing reporting deadlines and penalties for late or inaccurate information.
Where a solicitor protects your position
Registering a trust timely and accurately protects the client from penalties and tax issues. A solicitor checks identity, gathers trustees’ details, and ensures amendments are correctly submitted, so that the trust remains compliant with HMRC requirements and statutory deadlines.