David Downie: New trust registration rules explained

Everything advisers and clients need to know

clock • 4 min read

David Downie explores the new trust registration regime and outlines everything advisers and their clients need to know...

Expansion of the UK's anti-money laundering regime has resulted in an increase in the number of trusts that need to register with the Trust Registration Service (TRS). Previously only trusts that had UK tax to pay had to register on the TRS. However, following the introduction of the Fifth Money Laundering Directive (5MLD), many trusts with no UK liabilities, including many life office packaged trusts which hold investment bonds as the sole trust asset, will now also need to register. HM Revenue & Customs (HMRC) has confirmed that, as of the start of September 2021, non-taxable trusts...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Government consults on 'mansion tax' proposals

Government consults on 'mansion tax' proposals

Deferral scheme and exemptions outlined

Sophia Panayi
clock 19 May 2026 • 3 min read
Costly procrastination: Why inheritance tax is becoming a wider UK problem

Costly procrastination: Why inheritance tax is becoming a wider UK problem

'There is a clear disconnect between awareness and follow‑through'

Hugi Clarke
clock 14 May 2026 • 4 min read
Most millionaires would pay higher taxes to support young people – research

Most millionaires would pay higher taxes to support young people – research

79% willing to pay higher taxes

Sophia Panayi
clock 13 May 2026 • 3 min read