Sub fund election - Details of Property

Trusts Discussion
1

Can anybody tell me whether HMRC are expecting values in form SFE1?

The two questions just read “Details of Property in [Sub-fund/Principal Settlement]”

There doesn’t appear to be any guidance on point and on calling HMRC we were offered a call back at some undisclosed point in the future.

Andrew Goodman
Osborne Clarke LLP

2

I did not provide values of the assets, other than stating the amounts of cash and the election was accepted without question.

Mark Woolley
Price Bailey LLP