Trust Accounts

A trust is a way of holding assets for the benefit of others, and it can be a valuable tool in protecting wealth and planning for the future. Trusts also come with their own accounting and tax responsibilities, which is where we can help.

Why a trust might be set up

• To control and protect family assets
• Where someone is too young or otherwise unable to handle their own affairs
• To pass on assets during your lifetime or after death
• Under the rules of intestacy, where someone dies without a will (England and Wales only)

How we can help

• Accounting and tax reporting for existing trusts, including trust tax and Inheritance Tax returns
• Advice on Capital Gains Tax as it applies to the trust
• Guidance on winding up a trust that is no longer needed
• Working alongside your solicitor or financial adviser where appropriate

Who it is for

This service suits trustees who need help meeting their reporting obligations, as well as families considering whether a trust is the right approach for their circumstances.

What to expect from working with us

As fully qualified accountants with offices in Swindon, Oxford and Gloucester, we explain the responsibilities involved clearly and keep the trust's affairs in good order. Because the tax treatment of trusts changes, please contact us for advice on your own situation.