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Relevant Property Trusts covers trusts that hold real property or other assets to benefit named individuals. A solicitor in this area drafts the trust deed, transfers title to trustees, and ensures the trust complies with tax rules and reporting requirements. They arrange funding, oversee ongoing administration (collecting rents, paying costs, and managing distributions), and liaise with beneficiaries, lenders, and tax authorities to protect the trust assets and achieve the settlor’s aims. The work is shaped by the terms of the trust and property law.
The adviser ensures that the trust’s property and income are managed in accordance with the deed, with attention to deadlines for distributions and potential tax consequences. They explain the implications of the trust for inheritance, capital gains, and income tax, and provide guidance on robust record-keeping and compliance, including regulatory requirements that protect beneficiaries and trustees alike.
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