Trusts & Estate returns

Trusts & Estate returns

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As an IFA I naturally ensure that my deceased client's' half of the marital home is  protected from the depradations of the Social Security Act by leaving their half via a Will Trust so that, in the event of their survivor going into long term care and ceasing to reside in both halves, only the survivor's half is up for grabs by the local authority. This involves a 12 page SA900 in paper format, with all the appropriate boxes ( all two of them) ticked. Is this really necessary Dave? Trustee law has always made a distinction between income and non income producing trustee assets. Perhaps some continuation of the logic required here?

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By LyneT
28th Oct 2011 10:06

You are off the hook!

Where trust property does not produce an income, you can inform HMRC and you do not need to do a return.

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