Lowes Trust Registration Guide

Information required for the TRS

The following information table outlines the information that needs to be submitted for trust registrations (whether being registered as a taxable or non-taxable trust).

(C) Additional information required for Taxable trusts ONLY • The country of general administration of the trust • Details of liability to Income Tax and Capital Gains Tax • Information on the assets held by the trust o Money o Property or land (description and estimated current value) o Shares o Businesses and companies o Other assets • National Insurance number (UK citizens) • Passport number (Non-UK citizens) • Address - If the address is not in the UK, passport or identification card details will have to be provided.

(A) Category

(B) Information required (ALL trusts)

• Trust name [e.g. “‘The Whiteacre Settlement] • Date the trust was created • Whether all or some of the trustees are UK resident • Whether any of the settlors are UK resident • Whether the trust acquired UK land or property since 6 October 2020 • Whether the trust is already listed on a European Economic Area (EEA) register [see Note 1] • Does the trust have a business relationship in the UK? [See Note 2] • Full name • Date of birth • Contact details -Address/Tel. No (Lead trustee only) • Country of Nationality [See Note 3] • Country of residence [See Note 4] • National Insurance number (lead trustee only) • Mental capacity • Business/organisation name • Unique Taxpayer Reference (UTR) – [UK businesses]

(1) Trust details

(2) Trustee details (individual trustees)

• Unique Taxpayer Reference • Address

(3) Trustee details (corporate trustees)

• Contact details (lead trustee only) • Country of residence [See Note 4]

• Full name • Date of birth • Date of death (where trust set up after settlor has died)

• National Insurance number (UK citizens) • Passport number (Non-UK citizens) • Address - If the address is not in the UK, passport or identification card details will have to be provided.

(4) Settlor details (individual settlors)

• Country of Nationality [See Note 3] • Country of residence [See Note 4] • Mental capacity • Business/organisation name • Country of residence [See Note 4]

• Unique Taxpayer Reference • Address

(5) Settlor details (where settlor(s) is/are businesses or organisations)

• Full name • Date of birth

• Country of Nationality [See Note 3] • Country of residence [See Note 4] • Mental capacity

• National Insurance number (UK citizens) • Passport number (Non-UK citizens) • Address - If the address is not in the UK, passport or identification card details will have to be provided.

(6A) Beneficiary details (individual (named) beneficiaries)

Note - Some named beneficiaries will only benefit when a certain ‘contingent’ event happens, such as when another beneficiary dies. These beneficiaries will need to be included in a class of beneficiaries (see 6B below) until the event occurs. At that point, their details will need to be updated on the register as a named beneficiary.

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