TSEM1906 - Introduction to trusts: request for advice - is the trust taxable at the special trust rates?

If the agent or lay trustee has asked if the trust is taxable at the special trust rates, you may write out along these lines:

‘You asked whether the trust income would be liable to tax at the special trust rates. This is a matter for the trustees to decide as part of the Self-Assessment process. The Trust and Estate Tax Return Guide (SA950) contains guidance on this matter. You can download a copy of the Trust and Estate Tax Return Guide from the HMRC website or by ringing the Orderline on 0845 9000 404.’

There may be circumstances - for example, where the request for advice relates to a large number of trusts - where you should consider arranging a meeting to discuss the issue.