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Money, tax and benefits
Types of trust and tax implications
Bare trusts
With a bare trust each beneficiary has an immediate right to both capital and income - find out more including the tax rules
Interest in possession trusts
With interest in possession trusts, beneficiaries have a right to all trust income - learn more and find out how they're taxed
Discretionary or accumulation trusts
Understand how discretionary trusts and accumulation trusts work and how they're taxed
Mixed trusts
Mixed trusts combine different types of trusts – find out how they work and check the tax implications
Settlor-interested trusts
The 'settlor' who puts assets into a trust can continue to benefit from those assets - find out how this works and how it affects tax
Parental trusts for children
Special tax rules for trusts set up by parents for unmarried children below the age of 18
Non-resident trusts
UK trusts may be set up or managed by people living abroad – find out about non-resident issues and how they affect tax
Trusts for vulnerable people
Special tax rules for trusts set up for disabled people or children who have lost a parent
Heritage, charitable or business-related trusts
Find tax guidance on sinking funds, employee share schemes, heritage and maintenance trusts and others
Additional links
Find a trust form
Search for trust forms, supplementary pages, worksheets and related help and guidance
