Trust & Estate
Registration

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Will Trusts & Complex Estates

Trust and Estate registration

If you are a Trustee of a Trust, or the personal representative of an estate, you may have to provide information to HMRC within certain timescales. You may also be personally liable for any penalties incurred if you do not meet your registration and reporting requirements.

At Goughs, we can assist you with registering a Trust or Estate.

Trust registration

Trusts which meet the following conditions must be registered through the online service:

  • The Trust has been expressly created. The Trust must be deliberately set up by the person who made it. In other words, it has not arisen automatically through law (such as statutory, resulting, or constructive Trusts)

  • The Trustees have incurred a tax liability. This could be Income Tax, Inheritance Tax, Capital Gains Tax, or Stamp Duty Land Tax. However, this condition will not be met if the liability in question is an income tax liability of less than £100 incurred through bank or building society interest.

Estate registration

Estates which are considered by HMRC to be ‘complex’ must be registered. An estate that’s considered ‘complex’ would fall into any of the following categories:

  • Has a tax liability (for income tax and/or capital gains tax) of more than £10,000 over the entire administration period

  • Has a value at the date of death in excess of £2.5m

  • The proceeds of any assets sold by the personal representatives in any one tax year is greater than: £250,000 (for deaths before 6 April 2016), or £500,000 (for deaths on or after 6 April 2016).

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family's inheritance

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Popular questions about
Trust and Estate registration

If you are a Trustee of a Trust which must be registered, but you do not do so in the relevant timescale, you may be personally liable to pay a penalty. Each matter is assessed on a case by case basis.

How much does it cost to make a Will?

Pricing for a single Will

Starts from £xxx

Pricing for multiple Wills

Starts from £xxx

Pricing for a joint Will

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Philip Fowler

Very professional service

Very professional service - at a difficult time due to Covid 19.

2021-03-08

Jane Weller

Helpful

Helpful, prompt and efficient

2021-03-08

Ms Michelle Fielding

I would definitely recommend Goughs

I definitely would recommend Goughs they were very efficient, very helpful and always informed us of what was happening in the chain.

2021-03-02

Ms Kathleen Lucas

Thank you very much for doing a great job

Thank you very much for doing a great job as always, would recommend you for sure for being so efficient and getting the job done as quick as possible.

2021-03-01

Very helpful

Very helpful. Advice clear with plenty of time for us to consider all the options before making decisions.

2021-02-14

Mr Wood

Very thorough

Very thorough, and we also got forces discount.

2021-02-02

Testimonials

Andy Turner | Managing Director | Princeton Homes

Efficient and extremely knowledgeable

Rebecca is professional, efficient and extremely knowledgeable on all aspects of Construction Law.

2021-03-03

Tom O'Connor | Managing Director | Redcliffe Homes

Highly recommend

Andrew is an experienced, diligent and pragmatic development lawyer.  Highly recommended.

2021-01-12

JS

Very professional and prompt

Rowena is very professional and very prompt response every time I needed something.

2020-11-04

Paul Ealey

An excellent commercial lawyer

Gemma combines sound commercial judgement with a refreshing clarity and approach.  An excellent commercial lawyer.

2020-08-05

Bath Property Awards 2021

Legal & Financial Winner

Goughs prides itself on its first-class service, with growing property marketing reach and increasing areas of expertise. Enquiries also escalated by 20%, a commanding showing this year!

2021-03-20

Amelia Hanratty

Isabel Figueiredo was professional

Needed for Goughs to act quickly with an issue I had . They exceeded my expectations ! Isabel Figueiredo was professional , and swiftly dealt with the matter. Would strongly recommend these Solicitors.

2021-03-04

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Why work
with Goughs?

Local since 1882, with an excellent reputation

First-class, effective service

Largest solicitors in Wiltshire

Seven offices throughout the county

Nationally accredited law firm

Recognised by Legal 500 and Chambers & Partners

Your trusts & estates team

Annie James

Solicitor

Annie qualified as a Private Client solicitor in 2016 and joined Goughs in February 2020. She specialises in the preparation of Wills, Lasting Powers of Attorney, preparation and administration of Trusts, and the administration of Estates. Annie prides herself on taking the time to really understand the needs and priorities of her clients.

Luchia Hirst

Associate Solicitor

Luchia has been practicing Private Client law for close to 8 years, and really enjoys the client contact and hands-on nature of this area of practice.

Dawn Moir

Partner (TEP)

Dawn joined in 2003 and became a partner in 2004. Whilst Dawn supports her team with all aspects of estate planning and estate administration, her particular areas of expertise are later life planning & support, and trust creation & administration, including all things tax.

Phillip Bolton

Partner & Head of Private Wealth

Phillip is a Partner and Head of the Private Wealth Team at the firm. His practice encompasses all aspects of private client work, with a particular interest in complex Wills, wealth preservation, tax mitigation, and estate planning.

Emma Taylor

Partner & Head of Private Client

Emma began her life at Goughs in 2008 as a Solicitor. Now, with over 15 years of experience, she is a Partner and Head of the Private Client Department. Emma deals with all areas of Private Client work but has a particular interest in Trusts and Complex Property Ownership.

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