Which trusts are counted for standard rate purposes?

[zebra]

Hi- new on here with a hopefully straightforward query.

A discretionary trust was established during my uncles lifetime. On his death, a further trust was set up under the terms of his will. I'm trying to confirm whether these both need taking into account for the purposes of calculating the standard rate band (i.e. £1,000 or £500 each)?

Any help is much appreciated.

[maths]

Yes, the SRB needs to be divided by two in your case (assuming uncle only set up the two trust to which you refer) ie £500 each.

[zebra]

Thanks for the confirmations Maths