Can a trust use HMRC's real time CGT service?

Can a trust use HMRC's real time CGT service?

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I am looking for reassuranc please. My client is the lead trustee of his family trust and wants to pay his trust's 2023-24 CGT liability on the trust's share portfolio before 5/4/24.  My question is can the trust do this using the real time CGT service - I suspect not as he as lead trustee would be reporting on behalf of all the trustees, in the same way that agents cant report on behalf of someone else. Looking for reassurance I have read this correctly.

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By Wanderer
25th Mar 2024 12:17

If he's that committed to doing it why not just pay the CGT amount direct into the Trust's SA account?

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By alisonis
25th Mar 2024 12:40

I've already suggested exactly that but he is a pedant and very keen to record the details. Sigh.

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Replying to alisonis:
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By Wanderer
26th Mar 2024 07:01

https://www.gov.uk/report-and-pay-your-capital-gains-tax/if-you-have-oth...
"You must be a UK resident to use this service. You cannot use it to report on behalf of someone else, for example a client, trust or an estate."

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By Tax Dragon
26th Mar 2024 06:54

How is it in the beneficiaries' best interests to be doing this?

It's not your place to give legal advice, but, if trusts are excluded from the service, it may be because it was thought that trustees might be prohibited (by trust law) from using it.

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By JoandToby
26th Mar 2024 16:46

Not sure if any advice relevant to your query on this link:

https://www.att.org.uk/cgt-uk-property-reporting-service-users-guide

Someone posted it on my question to reporting a CGT relating to the executor of an estate

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By More unearned luck
26th Mar 2024 18:06

To echo TD, perhaps your pedantic trustee should be reminded of his/her duties as trustee and to abandon the attempt to deprive the beneficiaries of 10 months of income on a sum equal to the tax.

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