Service
Trust Accounting Glasgow
Trust accounts, SA900 trust tax returns and IHT periodic and exit charge calculations for Glasgow discretionary and bare trusts. Fixed fee agreed up front, ACCA-regulated.
Overview
Trust Tax Returns and Accounting for Glasgow Trustees
Trusts established for family wealth protection, minor beneficiaries or succession planning create distinct accounting and tax compliance obligations. Trustees must maintain trust accounts, file annual SA900 trust and estate tax returns with HMRC, and manage the inheritance tax periodic charge at each 10-year anniversary and exit charge on distributions. Countify provides trust accounting and compliance services for Glasgow trustees, ensuring every obligation is met accurately and on time.
Primary sources: Inheritance Tax (HM Revenue & Customs) and Self Assessment tax returns (HM Revenue & Customs).
What you get
Glasgow Trust Accounting Done Properly
Glasgow trustees commonly hold discretionary trusts established to protect family assets, bare trusts for minor beneficiaries receiving inherited property or shares, and interest in possession trusts holding rental properties. Each type has different tax treatment: discretionary trusts pay income tax at the trust rates (45% on income, 39.35% on dividends), bare trusts are transparent and the beneficiary is taxed directly, and interest in possession trusts sit between the two. HMRC requires an SA900 return for trusts with income, capital gains, or where the trust income exceeds the tax-free amount. The inheritance tax periodic charge — 6% of the value of the settled property above the nil-rate band — falls due at each 10-year anniversary, and exit charges apply proportionally when assets leave the trust between anniversaries. We prepare trust accounts, file SA900 returns and calculate periodic and exit charges for Glasgow trustees.
Key benefits
Annual trust accounts prepared for Glasgow discretionary and bare trusts
SA900 trust and estate tax return filed with HMRC
IHT periodic charge calculation at each 10-year trust anniversary
Exit charge calculation on trust distributions to beneficiaries
Income tax at trust rates for discretionary trusts
How we deliver it
Trust Accounting Glasgow, step by step.
This is the workflow your job runs through in our practice system — the same stages, the same checks and the same deadline tracking for every client.
- Statutory deadline
- The trust and estate tax return (SA900) is due 31 January after the tax year ends.
- How we schedule it
- Every job is tracked against that date. Annual work is raised 120 days before it, and any stage still open is escalated as the date approaches — nothing waits for January.
- 1
Records
Bank statements collected for the whole period, and the opening balances agreed to last year's accounts.
- 2
Preparation
Bank reconciled at the year end; fixed asset additions and disposals supported; accruals, prepayments and the director's loan account reviewed.
- 3
Review
The figures are reviewed against last year and every significant movement explained. You approve the accounts before anything is filed.
- 4
Filing
Trust and estate tax return (SA900) filed with HMRC.
Usually delivered alongside
Why choose Countify
Trust Accounting Glasgow, done right.
Countify provides Glasgow trustees with expert trust accounting and compliance, combining knowledge of income tax, CGT and IHT trust rules. We ensure every SA900 return is accurate, every periodic charge is correctly calculated, and trustees meet their HMRC obligations without personal liability risk.
How we work
Predictable, fixed-fee engagements.
Trust Accounting Glasgow starts with a free discovery call. From there, we agree the scope and fixed fee upfront, so there are no surprises on your invoice. Once instructed, we deal directly with the relevant records, authorities and software access needed for this service.
- Step 01
Free discovery call
A 20-minute chat to understand your trust accounting glasgow needs, deadlines, and current records.
- Step 02
Fixed-fee proposal
We confirm the trust accounting glasgow scope and price in writing through an engagement letter.
- Step 03
Onboarding & delivery
We collect the information needed for trust accounting glasgow and keep each agreed deadline visible.
For trust accounting glasgow, we support clients in Glasgow city centre, across Scotland, and throughout the UK via Xero, QuickBooks Online, FreeAgent and secure document sharing. Day-to-day contact is with your named accountant.
Pricing
Fixed monthly fees
- Sole trader package
- from £35/month
- Limited company package
- from £95/month
Prices vary with scope and the state of your records. Your fixed fee is agreed in writing before any work starts. Trust Accounting Glasgow is quoted as part of that fixed fee or as an add-on.
See full pricing
Your accountant
Founder & CEO · Fellow Chartered Certified Accountant
Usually replies within one working day · Mon–Fri, 9am–5pm
5.0 on Google · 8 reviews- ACCA regulatedFirm no. 4549994
- AML supervisedby ACCA
- ICO registeredZA683204
- Companies HouseSC589649
What is a discretionary trust and how is it taxed?
A discretionary trust gives trustees flexibility over when and how income and capital are distributed to beneficiaries. Income retained in the trust is taxed at trust rates: 45% on savings and other income, 39.35% on dividend income.
What is the SA900 trust tax return?
The SA900 is HMRC's trust and estate tax return, required each year where a trust has income or capital gains. We prepare and file the SA900, together with the trust accounts, as part of our Glasgow trust accounting service.
What is the IHT periodic charge?
Discretionary trusts are subject to an inheritance tax periodic charge of up to 6% on the value of trust assets above the available nil-rate band at each 10-year anniversary. We calculate the charge and prepare the IHT100 return for each anniversary.
What is a trust exit charge?
An exit charge applies when assets leave a discretionary trust — through distribution to a beneficiary or transfer to another settlement — between 10-year anniversaries. The rate is proportional to the time elapsed since the last anniversary.
Can Countify help with a Glasgow trust that has never filed an SA900?
Yes. We can review the trust's history, identify any prior-year SA900 obligations, prepare any outstanding returns and work with HMRC to regularise the trust's tax position.
Get started
Take control of your
numbers today.
Free, no-obligation consultation. We agree the fee upfront — no surprises.
5.0 on Google · 8 reviews- Fixed fee agreed in writing before work starts — no surprise bills.
- Switching is handled for you, including the professional clearance letter.
- A named accountant who knows your business, not a call queue.