Trust accounting is a detailed record
that includes information about all income and expenses of a trust. Trust Accounting Services Information that should be included in
a trust accounting includes details regarding As the successor trustee of a
trust or executor of an estate, you are charged with collecting the assets of
the decedent, paying all debts of the decedent and making distributions to the
beneficiaries according to the trust instrument or probate court. They
can also provide you with advice on capital gains tax issues related to land
and property related transactions, CGT mitigation, entrepreneurs’ relief,
investors relief and capital gains involving trusts and collective investment
schemes. Other more complex and worrying problems might include those related
to CGT related loss claims arising from failed investments in EIS and SEIS
ventures, share disposals, transfers of business assets and corporation tax on
chargeable gains.
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