Jurisdiction(s):
United Kingdom

Key definition

Estate definition

What does Estate mean? In practice, “estate” describes either: (1) the nature and duration of a person’s proprietary interest in land; or (2) the aggregate property of a person, commonly on death or bankruptcy. England & Wales and Northern Ireland: An estate in land denotes the time-based interest, not the land itself. Statute and case law limit legal estates primarily to freehold (fee simple absolute in possession) and leasehold (term of years absolute), with other interests (for example, life interests and beneficial interests under a trust) arising in equity. This concept underpins conveyancing, security, priorities and land registration. Ireland: Under the Land and Conveyancing Law Reform...

HMRC Estate Registration Service (ERS) for Complex Estates (not TRS): Registration, SA900, 60-day UK Residential Property CGT, Deadlines, Penalties

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Practice notes

HMRC's online trust Registration Service (TRS)

HMRC’s online Trust Registration Service (TRS) was created to give effect to the money laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017), SI 2017/692, while advancing HMRC’s digital agenda and wider tax transparency. Subsequent enhancements were made in response to additional obligations from the fifth EU anti-money laundering directive, Directive (EU) 2018/843 (5MLD), implemented via the Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020 (MLR 2020), SI 2020/991. Although estates were not initially within MLR 2017, SI 2017/692, HMRC launched the online ERS alongside the TRS to capture complex estates’ income tax and capital gains tax (CGT) reporting. In practice, the TRS and ERS arrived within the same online platform, though it remains convenient to describe them separately. As the deadlines (and any potential penalties) set by MLR 2017, SI 2017/692 for certain trusts do not extend to personal representatives (PRs) and estates, and because their record-keeping duties are lighter, the ERS roll-out did not resonate to the same degree with practitioners and attracted less coverage...

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Web page updated on 22/05/2026

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