Trust and Estate Tax Support With Clarity and Confidence
Specialist tax compliance and advisory services for trustees, settlors, beneficiaries, executors, families and professional advisers.
We help you understand complex trust tax obligations, meet HMRC reporting requirements and manage family wealth in a structured and tax-conscious manner.
Professional Advice Throughout the Life of a Trust
Trust taxation can involve Income Tax, Capital Gains Tax, Inheritance Tax, beneficiary reporting and Trust Registration Service requirements.
Odiri Tax Consultants & Accountants provides structured advice based on the trust deed, the assets held, the beneficiaries and the trustees’ legal and tax responsibilities.
- Review of the trust structure and tax position
- Accurate preparation of annual tax returns
- Trust registration and information updates
- Beneficiary income and distribution reporting
- Capital Gains Tax and Inheritance Tax advice
- Clear explanations for trustees and families
Comprehensive Trust and Estate Tax Support
We support trusts from initial registration and annual compliance through to distributions, asset disposals, succession planning and estate administration.
Trust Registration Service
Assistance with registering taxable and non-taxable trusts with HMRC and maintaining accurate trust information.
Trust Tax Returns
Preparation and electronic submission of annual SA900 trust and estate tax returns, including relevant supplementary pages.
Trust Accounts
Preparation of annual trust accounts showing income, expenditure, assets, liabilities and beneficiary distributions.
Beneficiary Tax Statements
Preparation of Form R185 statements to report trust income and tax credits allocated to beneficiaries.
Capital Gains Tax
Tax calculations and advice relating to the sale, transfer or appointment of property, shares and other trust assets.
Inheritance Tax
Advice and reporting for lifetime transfers, ten-year anniversary charges, exit charges and other relevant trust events.
Estate Tax Compliance
Tax support for executors and personal representatives dealing with income, gains and reporting during estate administration.
Trust Tax Advisory
Advice on trust distributions, tax exposure, asset appointments and the potential consequences of proposed trustee decisions.
Family Investment Companies
Tax advice on whether a Family Investment Company may be an appropriate alternative or complement to a trust.
Advice Tailored to Each Party’s Responsibilities
We work with private clients, trustees, executors and professional advisers across the UK.
Trustees
Annual compliance, tax calculations, reporting and support with trustee decisions.
Settlors
Advice on establishing and funding trusts and the associated tax implications.
Beneficiaries
Assistance with trust income, capital appointments and personal tax reporting.
Executors
Tax support during probate and administration of a deceased person’s estate.
Families
Tax-conscious planning for succession, protection and multigenerational wealth.
Solicitors
Collaborative tax support alongside legal trust and estate administration services.
Accountants
Specialist trust tax input for firms requiring technical support on client matters.
Wealth Advisers
Tax collaboration where trust planning forms part of a wider financial strategy.
A Careful and Professional Approach to Trust Tax
Trustees are responsible for ensuring that trust income, gains, distributions and relevant events are correctly identified and reported.
We combine detailed tax compliance with practical advice, helping trustees understand their obligations and make properly informed decisions.
A Structured Trust Tax Service
Our process provides clarity over the information required, the scope of work, professional fees and reporting deadlines.
Initial Review
We review the trust deed, tax history, assets, beneficiaries and current reporting position.
Scope and Quotation
We confirm the services required and provide a clear professional quotation.
Preparation and Advice
We prepare the relevant accounts, calculations, returns and trustee or beneficiary statements.
Approval and Submission
The trustees review and approve the documents before submission to HMRC where required.
Trust and Estate Tax Questions
What is a trust?
A trust is a legal arrangement under which trustees hold and manage assets for one or more beneficiaries in accordance with the trust deed.
Does every trust need to register with HMRC?
Many taxable and non-taxable trusts must register through HMRC’s Trust Registration Service, although exclusions may apply. Each trust should be reviewed according to its structure and circumstances.
When is a trust tax return required?
HMRC may require trustees to file an SA900 where the trust receives taxable income, realises gains or has other reportable tax obligations.
What is Form R185?
Form R185 records income distributed by a trust or estate and the associated tax. Beneficiaries may need the statement for their personal tax returns.
Can a trust be liable to Inheritance Tax?
Depending on the trust type and the assets involved, Inheritance Tax may arise when assets enter the trust, at ten-year anniversaries or when assets leave it.
Can you work with our solicitor or financial adviser?
Yes. We can work collaboratively with authorised legal, financial and investment advisers where coordinated tax input is required.
Will you provide a quotation before starting?
Yes. We review the trust or estate circumstances and provide a clear quotation based on the required work and level of complexity.
Need Help With a Trust, Estate or Inheritance Tax Matter?
Contact Odiri Tax Consultants & Accountants for clear, confidential and practical support. We will review your requirements, explain the next steps and provide a transparent professional quotation.
