The scope of the UK's Trust Registration Service (TRS) has recently been expanded to include an obligation on some of the more commonly used UK real estate holding structures to register. Non-compliance can result in penalties imposed by HMRC and may cause issues for acquisition/disposal or lending transactions. In this guide, the HSF team explore some of the common FAQs in respect of how TRS applies to UK Real Estate and the steps that should be taken to ensure compliance.
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The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.