HMRC publish research and analysis paper on the use of trusts

Released 7 November 2018

HMRC have published a research and analysis paper Exploring the use of trusts setting out the findings of qualitative research with settlors and agents.

The research asked:

what are the motivations for setting up a trust and how do motivations differ depending on the type of trust used?

what types of trusts are set up?

what are the relationships between the settlor, beneficiaries and trustees, and how does this affect decisions about the type of trust set up and how it is managed?

how are trusts set up and what costs are associated with this? What are the tax benefits of creating a trust and how does this compare to costs?

what impact does the current tax regime have on decisions?

View the paper at Research and analysis: Exploring the use of trusts.

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