TSEM1012 - Introduction to trusts: whether a trust exists

Sometimes taxpayers claim that they hold assets on trust for someone else. If there is no formal trust deed to support such a claim, the claim may be open to doubt. If in any case you are unsure whether a trust exists, and it is material for Income Tax or Capital Gains Tax purposes, submit the case to HMRC Trusts & Estates Technical Edinburgh, except private residence relief (TCGA92/S225) cases, which you should submit to Capital Gains Technical Group - see CG33250.