Trust and Estate Returns in Horsham
Trusts can be an effective vehicle for controlling and protecting assets. However, being a trustee carries with it a number of tax and legal obligations.
Under a trust arrangement, trustees are responsible for declaring any taxable income or capital gains received by the trust, via the Trust and Estate Tax Return. Trustees must also keep records of the trust's income and expenses, provide information to beneficiaries, and deal with any inheritance tax (IHT) liabilities.
There are several different types of trust, and the tax implications and record-keeping requirements vary accordingly.
Trusts are a particularly complex area of taxation, and it is advisable to engage the services of an experienced professional.
Giltinian and Kennedy in Horsham can help with all types of Trust Return, covering such areas as:
- Completing the Trust Return
- Preparation of estate accounts
- Inheritance tax services
- Dealing with HMRC on the trustee's behalf
- Advising on the trust's income tax or capital gains tax (CGT) liability
Dealing with Trust and Estate Returns can be a significant responsibility. Let the team at Giltinian and Kennedy in Horsham lighten the load, by dealing with all of the necessary paperwork, while also ensuring that you are taking advantage of any tax planning opportunities that may be available to the trust.
Please contact us for further help and assistance.