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

HMRC apologises for complaints delays

HMRC apologises for complaints delays

Taxpayers face long waits

Laura Miller
clock 26 March 2026 • 2 min read
Majority of UK adults oblivious to pensions IHT change - research

Majority of UK adults oblivious to pensions IHT change - research

Standard Life research finds 89% have little or no awareness about upcoming IHT pension changes

Martin Richmond
clock 24 March 2026 • 3 min read
'Good news' for Treasury as CGT receipts hit £21.5bn

'Good news' for Treasury as CGT receipts hit £21.5bn

Receipts reached £2.7bn in February 2026

Sophia Panayi
clock 20 March 2026 • 2 min read