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Hi All,
My father passed away three years ago and left an amount of money for me in a trust, which is managed by two trustees - my uncle and my mother.* I receive an amount every month paid directly into my bank account.* As far as I am aware the trust is a fixed amount of money made up from the sale of my dad's estate, etc. Besides it possibly accruing interest I am quite sure it is not earning any additional money through other avenues.
I am the main beneficiary, however if any money remains in the trust when I die this passes to my half brother and sister.
My mother contacted me recently stating that I need to provide details about my gross income (e.g. P60) so that a tax return can be filed for the trust. She and I are not on good terms and I would really rather she did not have access to this information if possible. If I pass it directly to my uncle I am almost certain he would share the details with her.
Am I actually legally required to provide information about my income for the tax return to be completed? This has been sprung on me at the last minute as I am led to believe that the return must be completed by 31st Jan.
Thanks in advance for any help and advice.
My father passed away three years ago and left an amount of money for me in a trust, which is managed by two trustees - my uncle and my mother.* I receive an amount every month paid directly into my bank account.* As far as I am aware the trust is a fixed amount of money made up from the sale of my dad's estate, etc. Besides it possibly accruing interest I am quite sure it is not earning any additional money through other avenues.
I am the main beneficiary, however if any money remains in the trust when I die this passes to my half brother and sister.
My mother contacted me recently stating that I need to provide details about my gross income (e.g. P60) so that a tax return can be filed for the trust. She and I are not on good terms and I would really rather she did not have access to this information if possible. If I pass it directly to my uncle I am almost certain he would share the details with her.
Am I actually legally required to provide information about my income for the tax return to be completed? This has been sprung on me at the last minute as I am led to believe that the return must be completed by 31st Jan.
Thanks in advance for any help and advice.
