Bare Trusts and CTC claim

smallgingerone

Does anyone know if money held in bare trusts for children by parents needs to be included in the interest/dividend calculation for CTC?

I have tried to find guidance on Gov.uk to no avail.

Guidance is clear that we need to include the interest/dividends on our tax returns but nothing about CTC.

thanks

calcotti

Is this relevant
Working out your income for tax credit claims and renewals - GOV.UK (www.gov.uk)

Notional income is income that you’re treated as having which you may not in fact have.

Include	Notes
Trust income that under Income Tax rules is treated as the income of another person	For example, investment income of a child where you’ve provided trust funds of more than £100.

smallgingerone

Thanks for this - couldnt see this when i was looking