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Ask Your Own Question, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 5147
Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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if i make a asset protection trust what percentage tax i have

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if i make a asset protection trust what percentage tax i have to pay on property rental income ( property whitch is in the trust ) and do i have to declare this income on a Self Assessment tax return or a Trust & Estate tax return form
Hello and welcome to the site. Thank you for your question.

Income received by the trust is taxedat different rates depending on total income in the tax year. You are referring to rental income received by the trust.

Trust income up to £1,000 is taxed at 20%
Trust income over £1,000 is taxed at 45%.

You have to declare this income on a Trust and Estate Tax Return.

More information on how trust income is taxed can be found here

I hope this is helpful and answers your question.

If you have any other questions, please ask me before you rate my service – I’ll be happy to respond. and other Tax Specialists are ready to help you
Raja, more information on different types of trusts and how each is taxed is covered here

I hope this is helpful.

Hello Raja

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