Bare trust arrangements

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Bare trust arrangements

Bare trust formation assistance

Bare trusts – sometimes called simple or nominee trusts – hand immediate beneficial ownership to the named individual while trustees hold legal title ensuring client confidentiality over those assets until that person is ready to assume control. Their elegance lies in transparency: income and gains are taxed directly on the beneficiary, personal allowances are fully available, and record-keeping is light. Imperium specialises in setting up these trusts quickly and correctly. We draft concise declarations of trust that satisfy HMRC guidance, arrange property or share transfers, and register the arrangement where registration thresholds are met.

Imperium: simplicity, delivered

Bare trusts succeed through clarity. Imperium drafts concise declarations, handles any necessary registration and transfers assets with minimal fuss.

Typical client scenarios

Client confidentiality and therefore privacy in respect of the ownership of assets such as property.
Shareholders parking listed shares pending probate clearance.
Siblings segregating personal ownership of a jointly inherited property.

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Frequently asked questions

What documents create a bare trust?

A simple declaration of trust – often one page – suffices. However, more complex and a stage approach such as he transfer of property may involve several steps. We draft tailored wording that records the beneficiary’s absolute entitlement and the trustee’s administrative duties.

Is a bare trust registrable?

Yes, if it contains UK land or other registerable assets. We handle Trust Registration Service submissions and ongoing maintenance.

Can a bare trust be revoked?

Yes, with the beneficiary’s consent.

Who pays tax on income?

The beneficiary reports income and gains on their personal return. Our advisers can calculate liabilities and assist with claims for allowances or refunds where eligible.

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