Please refer to the notes here
, the trust tax return SA900 here
, the help notes for the SA900 here
and the form VPE1 here
. Ignore everything in the SA900 but the following:
Q8 - page3
You can tick "No" in boxes 8.1 to 8.13 inclusive. Put a tick in box 8.16. This will make no difference as the trust has no income at present.
If you make a vulnerable beneficiary election which you can do, put a tick in box 8.18 and complete the form VPE1, a link to which you can find above. This will ensure that the high tax rates charged on trust income will not happen if and when the trust has any income.
Q10B - page 6
Q12 - page 6
Put details of the trust settlor (you) in box 12.1.
Tick "Yes". Enter details of the set up of the trust in box 12.2.
Q19 - page 11
Give the trustees details here.
Q20 - page 11
Give details of any changes in the trustees or their details here.
Box 21.11 - page 12
Mention that you are enclosing a vulnerable person election here.
Complete boxes 22.1, 22.2 and 22.3 on page 12.
I hope this helps. Let me know if you have any further questions.