I am glad some Forum contributors are getting results on the Agents’ Forum which I am ineligible to join. Here is a sample of The Customer Forum.
" JH If a trust is liable to IHT or SDLT or SDRT it must register on TRS as a taxable trust: TRSM25030. But it is impossible to do this online as the system only allows the trustee to choose income tax or CGT and otherwise sends you down the non-taxable route. How does the trust fulfil its obligation to register on TRS? Clue: the answer is not to write to Trusts and Taxes
HMRC You would register under income tax or capital gains tax depending on which tax the trust is liable for. The guidance at:
advises Trusts that are liable for Income Tax or Capital Gains Tax for the first time. Register your trust on or before 5 October in the tax year after the one in which the trust starts to receive any income or has capital gains, and becomes liable for Income Tax or Capital Gains Tax.
For example, if your trust received some interest for the first time in May 2019 (the 2019 to 2020 tax year) and became liable to Income Tax on it, you should have registered on or before 5 October 2020 (in the 2020 to 2021 tax year).
JH You did not answer the question. What if the trust is not liable to CGT or IT but only to IHT or SDLT or SDRT?
HMRC As your question relates to a specific online registration issue, please call the Trusts helpline on 0300 123 1072 to discuss possible workarounds."
How to work around a system they devised? Purleeze!
Jack Harper