25 Aug What Does My Trust Document Look Like?
With the cut-off date right around the corner, the time is ticking to register your Trust with HMRC by the 1st of September 2022.
But, with so many records filed away at home, how do you know which one is your Trust document?
Here are examples of what these Trust documents should look like for your convenience:
There Is Still Time To Register Your Trust
If you would like assistance registering your Trust with HMRC, creating one, or seeking guidance for the future, please speak to a member of our team who will be happy to help. It is vital to note that if a Trust is not registered or updated on the HMRC Trust Registration Service, this could result in a fine from HMRC.
St. James’s Place has created an in-depth video to help you register your Trust. The video shows you step-by-step the process online and lasts around 40 minutes, which you can find by clicking here.
Registering Your Trust
If you have the necessary documents, the lead trustee can register your Trust here. Before registering, the lead trustee will need to gather the following names, dates of birth, residence, and nationality details for all of the following:
- The name of the Trust.
- Name of the settlor(s).
- Name of trustees.
- Name of beneficiaries.
- Name of any individual who has control over the trust.