Elaine Morgan examines the purpose of the UK TRS, and how it helps clients
UK express trusts – and some non-UK trusts – in existence on or after 6 October 2020 must be registered with the UK Trust Registration Service (TRS) by 1 September 2022. With the deadline approaching, Elaine Morgan, head of the Trusts and Tax team at Lodders, explains the registration process, and the obligations the new rules place on solicitors’ and trustees.
The Trust Registration Service
The Trust Registration Service (TRS) is a register of the beneficial ownership of trusts. It was set up in 2017 as part of an EU anti-money laundering directive aimed at combatting money launder...
Head of Tax
Lodders Solicitors LLP