Trust Tax

Trust Tax & Estate Tax Advisory Services in the UK

At Odiri Tax Consultants, we provide comprehensive, HMRC-compliant trust tax and estate tax advisory services tailored to individuals, families, trustees, and wealth managers. Whether you’re establishing a new trust, managing existing trust obligations, or planning long-term asset protection, our expert team ensures your trust is structured and administered efficiently and tax-effectively.

 

Why Use a Trust?

Trusts are flexible legal arrangements that offer:

  • Asset protection for vulnerable beneficiaries
  • Inheritance Tax (IHT) advice
  • Multigenerational wealth transfer
  • Control over how and when assets are distributed
  • But managing a trust isn’t simple — and that’s where we come in.
Why Clients Trust Our Trust & Estate Tax Advisory Services

At Odiri Tax Consultants, our reputation is built on expertise, integrity, and proven results. Here’s why clients across the UK rely on us for trusted advice in trust taxation and estate tax matters:

  • Over 20 years’ experience advising individuals, family-run businesses, and private estates
  • Fully qualified, HMRC-compliant professionals with in-depth knowledge of UK trust and estate tax legislation
  • Recommended by solicitors, and accountants for our collaborative, solution-focused approach
  • Personalised service with strategic, jargon-free advice tailored to your family’s financial goals and legacy plans

We don’t just process tax returns — we build long-standing relationships with clients who value discretion, clarity, and long-term tax efficiency.

 

Who We Support:
  • Individual UK residents with family wealth
  • Trustees managing discretionary or life interest trusts
  • Executors dealing with probate and inheritance tax
  • Families planning multigenerational wealth transfers
  • Solicitors and accountants seeking expert tax collaboration

Our Comprehensive Trust & Estate Tax Services

At Odiri Tax Consultants, we provide a complete range of trust and estate tax solutions to help you manage, protect, and transfer wealth efficiently. Whether you’re a trustee, settlor, executor, or beneficiary, we ensure full HMRC compliance.

 

 

Trust Formation & Advisory

Establishing the right trust structure from the outset is crucial to protecting your assets and achieving your long-term goals. Our experts provide:

  • Tailored advice on trust types – including discretionary trusts, life interest trusts, bare trusts, and charitable trusts
  • guidance on trust deeds, letters of wishes, and trustee appointments to ensure your intentions are properly documented
  • Tax advisory for residential and commercial property, investments, and trading businesses placed into trust
  • Assistance with the formation of Family Investment Companies (FICs) as a flexible and  alternative to traditional trusts
Trust Tax Returns & Annual Compliance

Trusts must meet strict HMRC reporting requirements. We ensure you remain fully compliant with all annual tax obligations.

Our services include:

  • Completion and electronic filing of Self Assessment Trust Tax Returns (Form SA900)
  • Preparation of Form R185 detailing trust income distributed to beneficiaries for their personal tax returns
  • Preparation of full annual trust accounts to provide transparency and support audit or trustee reporting needs
  • Stay ahead of deadlines and avoid penalties with our end-to-end trust compliance support.
Capital Gains Tax (CGT) on Trust Assets

 

Capital Gains Tax can arise when trust assets are sold, transferred, or revalued.  We provide:

  • Accurate CGT calculations on disposals of property, shares, and other trust-held assets
  • Advice on exemptions and reliefs, including Private Residence Relief and Business Asset Disposal Relief
  • timing of disposals to spread gains, make use of annual exempt amounts, or defer liabilities
Inheritance Tax (IHT) Advisory

Trusts play a vital role in reducing IHT liabilities and ensuring assets pass to future generations as intended. Our IHT services include:

  • Comprehensive IHT review of using trusts and chargeable lifetime transfers
  • Accurate calculation and reporting of periodic (10-year) charges, exit charges, and other relevant IHT events
  • Preparation and submission of Form IHT100 and all supplementary schedules
  • Application of key reliefs, including: Business Property Relief (BPR) and Agricultural Property Relief (APR)
Trust Registration & Anti-Money Laundering (AML) Compliance

HMRC now requires most trusts — whether taxable or not — to be registered under the Trust Registration Service (TRS). We help you:

  • Register your trust with HMRC in accordance with 5th Money Laundering Directive (5MLD) rules
  • Keep trust information updated and re-certified annually
  • Ensure ongoing AML compliance and mitigate legal and reputational risks
  • Avoid penalties and regulatory scrutiny by staying up to date with all trust registration obligations.
Estate Tax Advisory Services – Protecting Your Legacy

Estate tax planning is essential for reducing tax liabilities and preserving wealth for future generations. Our estate tax specialists work closely with individuals, families, and executors.  We assist with:

IHT calculations and reporting following death or lifetime transfers

  • Ensuring tax-efficient wills and trust structures are in place
  • Identifying and applying relevant IHT exemptions and reliefs
  • Advising executors during probate and estate administration
  • Aligning lifetime gifting  with estate goals and thresholds
Trusted by Families, Trustees & Legal Professionals

Whether you’re managing a single trust or multiple family estates, Odiri Tax Consultants offer reliable, discreet, and professional support. We’re trusted by solicitors, wealth managers, and private clients nationwide for our depth of knowledge and dedication to results.

Frequently Asked Questions (FAQ) – Trust & Estate Tax in the UK

What is a trust and why would I need one?

A trust is a legal arrangement where a person (the settlor) places assets under the control of trustees, to be managed for the benefit of one or more beneficiaries. Trusts are used for asset protection, Inheritance Tax planning, supporting vulnerable beneficiaries, or controlling how wealth is passed down.

What taxes do trusts have to pay in the UK?

Trusts may be subject to income tax, capital gains tax (CGT), and inheritance tax (IHT). We help trustees understand their tax obligations and ensure all trust-related taxes are calculated, reported, and paid correctly and on time to HMRC.

Do I need to register a trust with HMRC?

Yes, under the Trust Registration Service (TRS), most UK trusts — including some that are non-taxable — must be registered with HMRC. Failure to do so can lead to financial penalties. We handle all aspects of trust registration and compliance for our clients.

How to Change my Photo from Admin Dashboard?

Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast

What is a Trust Tax Return (SA900) and who needs to file it?

Form SA900 is the Self Assessment tax return for trusts and estates. Trustees must file this annually if the trust receives income, capital gains, or makes distributions. Our team prepares and submits these returns in full compliance with HMRC guidelines.

What is Form R185 and when is it required?

Form R185 provides beneficiaries with a breakdown of the income they’ve received from a trust and any tax already deducted. Beneficiaries use this form to complete their personal tax returns. We prepare R185 forms as part of our trust accounting services.

How to Change my Photo from Admin Dashboard?

Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast

How can trusts help reduce Inheritance Tax (IHT)?

Trusts can reduce IHT by removing assets from your estate, using exempt transfers, and applying available reliefs such as Business Property Relief (BPR) or Agricultural Property Relief (APR). We offer bespoke inheritance tax planning solutions using trusts and other legal structures.

What is a Family Investment Company (FIC), and how does it compare to a trust?

A Family Investment Company (FIC) is a limited company structure used by families to manage and pass on wealth. FICs are often used as an alternative to traditional trusts due to their flexibility and potential tax advantages. We advise on whether a trust or FIC is more suitable for your goals.

How much do your trust and estate tax services cost?

Our fees vary depending on the complexity of your trust or estate and the level of service required. We offer clear, fixed-fee pricing for trust tax returns, IHT reporting, and estate tax advisory, with no hidden charges. All costs are discussed upfront.

How to Change my Photo from Admin Dashboard?

Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast

Can you help with both trust compliance and strategic tax advisory?

Yes, we provide a full range of trust services — from annual tax compliance and filings to long-term tax planning and wealth preservation strategies. Whether you need help with trust registration, IHT planning, or forming a Family Investment Company, our team is here to support you.

Ready to Simplify Your Trust & Estate Tax Affairs?

Whether you're a trustee, executor, or looking to protect family wealth, Odiri Tax Consultants offers trusted, professional support in all areas of UK trust taxation, Inheritance Tax Advisory, and estate tax advisory. We’ll help you stay HMRC-compliant, reduce your tax exposure, and structure your assets for the future — with clear, expert guidance every step of the way.
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