Bare trusts and the TRS

Aim

To explore the nature of a bare trust; how it sits within the UK taxation system and why they are causing headaches when it comes to registration on the TRS.

Outcome

Participants will be able to identify, use and register bare trusts as appropriate.

Agenda

• What is a bare trust?
• Typical uses and when they can arise
• Taxation
  • Income tax
  • CGT
  • IHT
• Trust registration