TSEM1720 - Introduction to trusts: commenting on a trust deed

Decline any request to comment on a trust deed. Explain that it is not the HMRC Trusts’ policy, to comment as set out in the Appendix to Trusts: an introduction (on line guidance).

The Appendix sets out what advice we can and cannot give. In particular, it states that we cannot give rulings or advice about

• the tax consequences of executing non-charitable trust deeds or settlements
• whether in particular circumstances the Settlements legislation in Part 5, Chapter 5 Income Tax (Trading and Other Income) Act 2005 (ITTOIA) applies.