Trust deeds, anniversaries and the tax regime, kept with the family's file
Trusts run for years, and the work is in the dates, the regime and the reasons behind the trustees' decisions. Azmora keeps the deed, the wishes, the anniversaries and the audit trail together.
- Dates that do not forgiveInheritance Tax Act 1984, section 64
What it costs you today
Which regime does this trust fall under?
Whether a trust sits in the relevant property regime or is treated as part of an individual's estate decides how it is taxed. It is a decision you want made and recorded at the start, not reconstructed at the first anniversary.
Dates that do not forgive
A trust within Self Assessment must be confirmed or updated on the Trust Registration Service by 31 January after the tax year. A relevant property trust also meets an inheritance tax charge every ten years.
The letter of wishes drifts
Trustees must consider an expression of wishes but are not bound by it. Kept apart from the file it goes out of date unnoticed, and an old version is hard to tell from the current one.
A trust is rarely one document
A property trust, the declaration, the restriction on the title and the trustees' later decisions belong together, and rarely stay together.
What Azmora does about it
When you draft the deed
Discretionary, life interest, bare, vulnerable person's, bereaved minor's and 18-25 trusts, with pilot, loan, protective, charitable and more, each with structural checks and the inheritance tax regime flagged.
When the settlor says what they hope for
Draft the expression of wishes from the matter's beneficiaries. It stays separate from the deed and the earlier version stays on the file.
Every ten years
Azmora reminds you of the next anniversary and of any unfiled IHT100.
When a property is involved
Draft the Declaration of Trust and produce the RX1 restriction from it.
Documents for this: Trusts, Expression of Wishes, Declaration of Trust
Where Azmora stops
- Azmora does not file with the Trust Registration Service or HMRC. Registration and updates are a separate step for the trustees or their agent.
- The tax position is yours to confirm. Azmora flags the regime and the dates; it does not advise.
- A qualified person reviews, advises and signs off every deed.
Questions you would ask
Which trust types are covered?
Is an expression of wishes binding?
Does Azmora register the trust?
Azmora is also for legal firms, licensed conveyancers, accountants, financial advisers, will writers and islamic wills practices.
Page updated 14 October 2026.
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