Trust accounts - investments

I am in the process of completing a set of trust acocunts (one of very few for my firm) which has significant listed investments.

We have always carried this forward at cost price.

I deal with ltd companies usually and would always carry these at market value.

Is there a reason why they have been kept at cost price historically? Are there different rules for trust accounts?

Thanks for your help

Peter

Comments
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qtr up

uktaxpal |

Not how to value, should I value?

petew |
petew's picture

Trust accounts

sonners |

Purpose

uktaxpal |

Discretionary Will Trust

petew |
petew's picture

True and Fair View

uktaxpal |

Limited company

Ian Bee |

Why not revlaue for Ltd co's?

petew |
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Note

uktaxpal |

Dealt with in a note

petew |
petew's picture