Trusts are versatile, varied, and very often highly complex.

Each Trust established, brings its own specific challenges, among them tax implications. The correct advisers are crucial in supporting Settlors, Beneficiaries and Trustees to navigate the complexities.

As our client, you will have the benefit of our dedicated and highly experienced Trust team. Like our wider Tax team, we support many other tax and legal professionals seeking solutions to their own clients’ complex trust problems.

Our specialists focus on what is relevant, building an understanding of each Trust’s unique circumstances, exploring ideas and solutions. By providing bespoke support, we enable your Trust to support Settlors, Beneficiaries and Trustees as effectively as possible.

Our Trust experts work closely with BKL’s Tax Consultants and Private Client specialists to provide a comprehensive service that covers Inheritance tax (IHT), Income tax, Capital Gains tax (CGT) and other areas that are integral to your succession and estate planning.

BKL’s services for Trusts include:

Trust Tax compliance

• Preparation of Self-Assessment Tax Returns for Trusts and Estates
• Preparation of IHT Tax Returns for ten-year anniversaries and exit charges
• Registration of Trusts on HMRC’s Trust Registration Service

Consultancy advice on Trusts

• IHT planning for high-net-worth individuals
• Offshore Trust structures
• Capital Gains tax planning

Other services

• General trust administration
• Accounting services

Our Trust Deed review service

If you’ve recently taken over responsibility for a long-established Trust, either as a trustee or a professional adviser, you may be facing challenges.

It could be that previous advisers haven’t fully passed on their knowledge of the Trust’s particular complexities. This could be compounded if the Trust Deeds were badly written and are difficult to understand.

To support you in your understanding of the Trust, we offer a review service. By giving your Trust Deeds a ‘health check’, we can provide insights into the Trust’s unique circumstances. We would then be able to give you focused, bespoke guidance – helping to ensure that the Trust is as effective and efficient as possible and meeting the family’s particular requirements.