Hello, I am a UK resident with UK tax queries in respect of my son who is a student in Australia, a will-trust beneficiary, and has been non-UK resident under the SRT for the tax years 2017-18 and 2018-19. He submitted form P85 to HMRC the year he left the UK (2016) to receive a tax refund and hasn’t filed a UK tax return or R43 (to claim his personal allowance) since, as he had no UK income other than a small amount of UK bank interest. The trustees have never issued my son with any information relating to any aspect of the trust tax. They submit tax returns via a tax advisor.
1. Can a UK non-resident beneficiary of a UK-resident discretionary trust fund (the fund is held in equities in a UK-run investment portfolio generating capital and income, income not paid out but re-invested) claim back inheritance tax, CGT, & income tax that the trustees (2 UK solicitors) have paid at the trust rate?
2. Is it possible to reclaim VAT that has been charged and paid on the Trustee and investment managers' professional fees?
3. If the beneficiary can claim back any or all of these taxes (IHT, CGT, IT, VAT), how would they go about it?
Thanks in advance.
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