1 min read 28 Feb 22
Trustees are treated as a single notional person, distinct from the individuals who make up the trustees. With that in mind, the residence status of trustees as a body under UK rules is as follows:
The trust is resident in the UK for Income Tax and Capital Gains Tax purposes.
The trust is not resident in the UK for Income Tax and Capital Gains Tax purposes.
The trust is resident in the UK unless the settlor was:
at the time the settlor made, or is treated as making, the settlement and any time when the settlor adds property to the settlement.
If the settlement arises on a settlor’s death then the settlor’s residence and domicile status are considered immediately before the death.
These are the UK rules on trustee residence – other jurisdictions may have different rules.