HMRC Web (002)

Trust Registration Service

The following information relates primarily to trusts used to hold investment bonds. Most trusts related to protection products, for example those in our Group insurance policies, will not need to register. 

HMRC's Trust Registration Service has changed - have you registered your trust?

What is the Trust Registration Service?

The Trust Registration Service (TRS) is a register of the beneficial ownership of trusts. The TRS was first set up in 2017, requiring trustees to register if their trust was liable to pay the following taxes: income tax, capital gains tax, inheritance tax, Stamp Duty Land Tax (Land and Buildings Transaction Tax in Scotland) or Stamp Duty Reserve Tax.

New legislation has now come into force, requiring the majority of UK resident non-taxable trusts in existence on or after 6 October 2020 to be registered by the trustees on the HMRC Trust Registration Service before 1 September 2022.

Trusts created after 1 September 2022 must register within 90 days.

We’ll be regularly updating this page with further advice provided by HMRC.

What information do HMRC require?

As a trustee, you’ll need to provide HMRC with the details of:

  • The trust
  • Settlor
  • Trustees
  • Beneficiaries
  • Any individual who has control over the trust, in some instances referred to as protectors.

You can find out more and register your trust here.

Information hub 

Here you can find important information and documents relating to changes to the Trust registration Service. This section will be regularly updated as we receive more information from HMRC.

1 Estate Planning 1360X784

TRS guide

We've produced a helpful step-by-step guide with a supporting example to help you register your Trust

Read now
Briefing Notes Trust Register 680 392

TRS Bulletin

This Technical Bulletin will detail the key requirements of the Trust Registration Services in the UK & Ireland and the impact of the 5th Anti-Money Laundering Directive (5AMLD)

Read now
Trust Reg Service Webinar Email 1360X784px

TRS Webinar

Chris Kneen explains the new legislation and its implication

Watch now

FAQs

What if I have a Canada Life International Assurance (Ireland) DAC (CLIAI) policy?

Where a policy is issued in trust from CLIAI, there is dual registration requirement to not only register the trust with TRS but also the Central Register of Beneficial Ownership of Trusts (CRBOT).  

 

Where can I find further information on CRBOT?

We have created a step-by-step guide to help you register your Trust with CRBOT, and for further information you can visit the CRBOT website https://www.revenue.ie/en/crbot/index.aspx 

 

TRS information request

To be kept up to date with any changes to the Trust Registration Service or new information relating to registering your trust, please complete the form below:

Next steps

Trustee duties and TRS

View our on-demand webinar

Webinar

Trustees' duties

Find out more about the role of a trustee

Trustees Duties

Trust Register and Trustees’ Obligations

Find out more below

Briefing Note