Trust Registration

What are forum members views on registration of Trusts with HMRC where the Trust asset does not produce a taxable income and the nature of the asset will not produce a capital gain?

I have always sent in the 41g but have had a few instances recently where HMRC have said they don’t intend to register the trust but I should do so if circumstances change.

My intention is to carry on trying to register all Trusts but can see there is some potential cost cutting on the part of HMRC in not registering Trusts where not really necessary

Justin Wallace
Brewer Harding & Rowe

There is not, and never has been, any need to register in these circumstances. Hmrc are meant to be scrapping 41 g soon and setting up an online register to make life easier for us?!

Simon Northcott