I have registered several bare trusts for minors that are under discretionary management - better to be registered, when not required than not registered when required.
Incidentally I fail to see how this will increase transparency for HMRC (one of their stated reasons given for this fiasco) since all the information required to register for AEOI is already on the Trust Register (unless they have a GIIN, in which case they are probably already registered and making returns).
Maxine Higgins
TC Citroen Wells.