Trust Fund and tax

Trust Fund and tax

Postby Joej80 on Sun Jan 15, 2012 7:44 pm

Hi all

My girlfriend's father and close friend set up a trust fund for her a while ago. The money is used to pay for her university fees. She has no income from work. Does this money classify as income and is it taxable? We think she needs to fill out a self-assessment form but we are not sure.

Many thanks in advance.

J
Joej80
 
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Joined: Wed Jan 11, 2012 12:12 pm

Re: Trust Fund and tax

Postby maths on Sun Jan 15, 2012 10:04 pm

What sort of trust fund was set up?
maths
 
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