Bare Trust

[Gunner84]

Hi Everyone

Any help much appreciated!

I have a client who has set up a bare trust for their minor children that they will hold a property on trust for them. The property is let out so there is rental income. Does a trust tax return need to be completed or, as this is a bare trust, is the income simply reported on the settlor (parents) tax return.

Any pointers in the right direction would be really helpful.

Many Thanks!

[section 44]

is the income simply reported on the settlor (parents) tax return

Yes

[Gunner84]

Thanks very much for your help. So just to confirm.. I dont need to register the trusts with the Revenue or complete a trust return?

Really appreciate the help