HMRC will trust registration done... What now? What next?

I just completed trust registration of my Mum's 50% share of their property which is left to me and my brother (with my Dad retaining a beneficial interest).

So, what do I have to do now as Lead Trustee?

If we do not sell the property so nothing changes, are there still any annual reporting obligations or similar to do?

I suppose things get complicated if we sell the property and the income money from the 50% goes into a Trust Fund (of which my Dad is entitled to receive the interest from whilst he's still alive) and there is tax to pay on the interest it earns?


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