HMRC's latest Trusts and Estates newsletter contains some useful information. Here is our enhanced version.

Capital Gains Tax (CGT) payment for property disposals

From April 2020:

HMRC are developing a new micro-service that will be available on GOV.UK from April 2020 to allow reporting and payment of CGT for property disposals.

Trust Registration Service

Agents and trustees who need to register a taxable trust should do so where possible on the new micro-service version of the Trust Registration Service once it is fully available. It is currently only open to invited users as it is in the ‘private beta’ phase of development. Access can be obtained by contacting HMRC's Trust Registration Team at This email address is being protected from spambots. You need JavaScript enabled to view it..

Fifth anti-money laundering directive (5MLD) and the extension of the Trust Registration Service update

Estate registration: personal representatives

Changes to the Direct Payment Scheme: IHT423 update

Agent toolkits

HMRC has 19 online toolkits. Those most relevant to trusts and estates are:

Links to our subscriber guides

UK trusts
Trusts have been used in various forms for tax planning purposes for many years and the tax legislation has had to evolve with them.

Non-resident trusts
Non-resident trusts have long been used for tax planning purposes. As a result, the legislation has been changed many times in order to deal with perceived tax avoidance.

IHT estate planning checklist
This basic checklist covers some of the essential planning points that taxpayers should know when planning for their estate and inheritance tax.

External link

HMRC Trusts and Estates Newsletter: January 2020