In this section:
Types of trust and tax implications
Bare trusts With a bare trust each beneficiary has an immediate right to both capital and income - find out more including the tax rules
Interest in possession trusts With interest in possession trusts, beneficiaries have a right to all trust income - learn more and find out how they're taxed
Discretionary or accumulation trustsDiscretionary trust trustees choose whether to pay out trust income, accumulation trust trustees re-invest income - find out more
Mixed trusts Mixed trusts combine different types of trusts – find out how they work and check the tax implications
Settlor-interested trusts The 'settlor' who puts assets into a trust can continue to benefit from those assets - how this works and how it affects tax
Parental trusts for minorsSpecial tax rules for trusts set up by parents for unmarried children below the age of 18
Non-resident trusts UK trusts may be set up or managed by people living abroad – find out about non-resident issues and how they affect tax
Trusts for vulnerable beneficiariesSpecial tax rules for trusts set up for disabled people or children who have lost a parent - calculating and claiming tax relief
Heritage, charitable or business-related trustsLink to tax guidance on sinking funds, employee share schemes, heritage and maintenance trusts and others
