The rules about which Trusts should be registered in the UK have just changed.

MANDATORY REGISTRATION OF PROPERTY TRUSTS NOW INTRODUCED BY HMRC

Previously there was no requirement to register Trusts with no tax liability.

However, HMRC have now confirmed that they require all Property Trusts to have a 'one-off' registration before 1st September 2022, even those without a tax liability.

As with all things HMRC related if you do not register your Trust before the deadline, penalties may be applied.

These are currently expected to start with a fixed £100 penalty and increase to £300 over time.

We will undertake all the work required for full compliant registration for you, however speed is of the essence.

Our fee for this work is £199 including v.a.t

However, our clients paying for monthly Annual Trust Minutes Cover will have their Trusts registered for HALF PRICE at just £99.50 including v.a.t

Just give us a call now on 01903 900257 to make arrangements for your Trust to be registered.

If you do not have Annual Trust Minutes cover in place we can still offer this to you for half price if you put in place this cover at the same time as paying for your registration.

We will be calling everyone who has a Property Trust in the next 2-3 weeks also although it is advisable to move forwards with instructing us to start your registration process as soon as possible.

Please note couples with one Trust for each half of their property will need to register each trust independently.

Kind regards

Paul Blackmoore

Director