Estate Registration with the Trust Registration Service (TRS)

The Trust Registration Service (TRS) is a register maintained by HMRC that now covers a wide range of trusts, including both taxable and non-taxable trusts, as well as certain estates. Executors handling larger or more complex estates need to be aware of the TRS requirements to ensure full compliance.

Key Contact: Andrew Hasnip

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How We Can Help

Our expert team can assist executors in navigating the complexities of the TRS, ensuring estates are properly registered where necessary. We can help with:

Registration of Estates: Estates must be registered on the TRS if they meet certain criteria, such as being valued over £2.5 million, having tax liabilities over £10,000, or involving the disposal of over £500,000 worth of assets in a tax year.
Ongoing Estate Administration: If estate administration continues for more than two years, registration on the TRS is required, whether the estate is taxable for inheritance tax, income tax, or capital gains tax.
Life Interest Trusts: We assist in registering life interest trusts separately from the estate on the TRS, particularly if property ownership is involved and the legal and beneficial owners differ.
Taxable and Non-Taxable Trusts: If a trust starts as non-taxable but incurs tax liabilities during the administration period, we can update the TRS accordingly. Trustees are required to declare that the information on the TRS is up to date annually.

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Why Choose Us

Partnering with us ensures that estate and trust administration runs smoothly, with all necessary registrations completed in compliance with HMRC requirements. Here’s why you should work with us:

Expert Legal Support: With a team that includes STEP-qualified professionals and a Tier 2 Legal 500 ranking, we have extensive experience dealing with complex estates and trust registrations, ensuring that all TRS obligations are met.
Compliance Assurance: We ensure that all estates and trusts are correctly registered and that any required updates are promptly filed, protecting you from potential penalties.
Tailored Solutions: Whether you are managing a large estate or dealing with multiple trusts, we provide customised support to ensure all legal and tax obligations are fulfilled.

Let our team handle the complexities of the Trust Registration Service, allowing you to focus on your executor duties with peace of mind. Contact us today for expert assistance.