Trust and Estate Tax Return 2026 SA900 2026

Sterlingtimes

The discretionary trust holds cash in a non-interest-bearing current account. The first page above only has placeholders for the tax reference and the date. There appears to be no place to enter the name of the trust. Is this correct?

Otherwise, there are no yes questions over the 12 pages, and I have signed at the end.

Isthisforreal99

How about 'For'?

poseidon1

When HMRC issue a paper return for a trust, the trust name is pre printed in the space above Tax reference. This is where you should manually insert the name.

In passing, hopefully the trust will be generating taxable income in future, unless it is intended to wind it up relatively quickly.

Sterlingtimes

https://forums.moneysavingexpert.com/discussion/comment/82021704#Comment_82021704

That is exactly what I wanted to know. Thank you so much.

Yes, my mother, who would be the most immediate beneficiary, was given a prognosis of six weeks two years ago, and is in a deplorable state in a nursing home. I would like to wind it up when she dies. It bears the burden of legal and accountancy fees that eat into the remaining capital.

poseidon1

https://forums.moneysavingexpert.com/discussion/comment/82021721#Comment_82021721

Out of curiosity, if trust funds are not invested and are all held on non interest bearing current account, on what basis are legal and accountancy fees being incurred?

You are evidently handling trust income tax compliance, and with no investments can't see much reason for accountancy services ( accounting for cash very simple), unless there is periodic trust IHT compliance beyond your own capabilities.

As for legal fees, should be little to advise on at this point other than the eventual deed terminating the trust once your mother passes.

In the interim presumably, the trust fund is diminishing rapidly by reason of care home fees?

Sterlingtimes

Yes, in the previous financial year, the trust disposed of a retirement apartment which had been occupied by my mother. The proceeds were paid into the bank account. The legal and accounting professionals applied the rules such that capital gains were avoided. The solicitor advised that my mother's own capital should be applied to her nursing home fee before trust money is applied.

poseidon1

https://forums.moneysavingexpert.com/discussion/comment/82021973#Comment_82021973

Yes, it certainly does make sense to run down your mother's personal resources in preference to the trust, and I now recall our exchanges back in 2024 related to this trust imported from New Zealand and the complications you had to address in it becoming UK compliant.

I suspect you have come to learn a great deal about discretionary trusts over the past couple of years.

Sterlingtimes

https://forums.moneysavingexpert.com/discussion/comment/82022030#Comment_82022030

You pointed me in the right direction at that time. Thank you for helping out again. For such a small trust, I have encountered various complexities. I left it to the solicitors to register the trust in the UK.

I was in the process of submitting my zero return online, but when it directed me to purchase commercial software, I reverted to paper.

poseidon1

https://forums.moneysavingexpert.com/discussion/comment/82022566#Comment_82022566

Useful to highlight for the relatively few people forced to prepare SA 900 tax returns for trusts or estates, that there is no HMRC online portal equivalent of the personal SA100 tax return.

A paper tax return for trusts/estates will more than likely be the only reasonable option for most people. Just be aware of the October deadline for submission of a paper return.