Key requirements
Keep evidence of income derived and distributions to beneficiaries for the required five-year period. The source’s 2020 basis-period example keeps records through 31 December 2025. Trade income requires accounts prepared under accounting standards; rentals need income and expense statements; foreign dividends need supporting vouchers. Retain dates and beneficiary allocations so trustee-level and individual treatment can be reconciled. Filing a return or distributing the assets does not by itself make earlier records unnecessary.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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