{"corpusVersion":"2026-07-28.2","exampleProfile":{"archetypeIds":["archetype-express-trust"],"asOf":"2026-07-28","assertions":[{"basis":"The trust is a relationship governing property and roles.","classificationId":"legal:legal-arrangement","dimensionId":"legal-existence","effectiveDateBasis":"stated-interval","effectiveFrom":"2022-06-01","effectiveTo":null,"scope":{"activityOrContext":"Property held on synthetic bare-trust terms","jurisdiction":"England and Wales","ruleset":"English trust law and FATF legal-arrangement model as at 2026-07-28","subjectRef":"bare-trust-arrangement","taxOrRegime":"Trust law"},"sourceIds":["src-fatf-legal-arrangements-2024"],"status":"established"},{"basis":"The example assumes immediate and absolute entitlement satisfying the bare-trust treatment.","classificationId":"attribution:beneficiary-level","dimensionId":"tax-attribution","effectiveDateBasis":"stated-interval","effectiveFrom":"2022-06-01","effectiveTo":null,"scope":{"activityOrContext":"Income and gains from the bare-trust property","jurisdiction":"United Kingdom","ruleset":"HMRC TSEM1563 as at 2026-07-28","subjectRef":"bare-trust-beneficiary","taxOrRegime":"Income Tax and Capital Gains Tax"},"sourceIds":["src-hmrc-tsem1563"],"status":"conditional"},{"basis":"The trustees hold and administer the legal title.","classificationId":"capacity:trustee","dimensionId":"capacity-activity","effectiveDateBasis":"stated-interval","effectiveFrom":"2022-06-01","effectiveTo":null,"scope":{"activityOrContext":"Holding and administering legal title","jurisdiction":"England and Wales","ruleset":"Synthetic trust terms and HMRC TSEM1563 as at 2026-07-28","subjectRef":"bare-trust-trustees","taxOrRegime":"Trust law"},"sourceIds":["src-hmrc-tsem1563"],"status":"established"},{"basis":"The synthetic adult has immediate and absolute beneficial entitlement.","classificationId":"capacity:beneficiary","dimensionId":"capacity-activity","effectiveDateBasis":"stated-interval","effectiveFrom":"2022-06-01","effectiveTo":null,"scope":{"activityOrContext":"Immediate and absolute entitlement to capital and income","jurisdiction":"England and Wales","ruleset":"Synthetic trust terms and HMRC TSEM1563 as at 2026-07-28","subjectRef":"bare-trust-beneficiary","taxOrRegime":"Trust law"},"sourceIds":["src-hmrc-tsem1563"],"status":"established"},{"basis":"No trustee, settlor or beneficiary residence facts are supplied.","classificationId":"nexus:uk-domestic-resident","dimensionId":"residence-nexus","effectiveDateBasis":"current-at-corpus-review","effectiveFrom":null,"effectiveTo":null,"scope":{"activityOrContext":"Deemed trustee body for the synthetic settlement","jurisdiction":"United Kingdom","ruleset":"HMRC TSEM10020 as at 2026-07-28","subjectRef":"bare-trust-trustees","taxOrRegime":"Trustee residence for Income Tax and Capital Gains Tax"},"sourceIds":["src-hmrc-tsem10020"],"status":"unknown"},{"basis":"Registration does not decide beneficial entitlement or the person charged.","classificationId":"registration:none-determinative","dimensionId":"registration-grouping","effectiveDateBasis":"current-at-corpus-review","effectiveFrom":null,"effectiveTo":null,"scope":{"activityOrContext":"Effect of registration on beneficial entitlement and attribution","jurisdiction":"United Kingdom","ruleset":"HMRC TSEM1563 as at 2026-07-28","subjectRef":"bare-trust-arrangement","taxOrRegime":"Trust administration"},"sourceIds":["src-hmrc-tsem1563"],"status":"established"},{"basis":"Trustees hold legal title under the synthetic arrangement.","classificationId":"control:trustee-legal-title","dimensionId":"ownership-control","effectiveDateBasis":"stated-interval","effectiveFrom":"2022-06-01","effectiveTo":null,"scope":{"activityOrContext":"Legal title to the trust property","jurisdiction":"England and Wales","ruleset":"Synthetic trust terms and FATF legal-arrangement guidance","subjectRef":"bare-trust-trustees","taxOrRegime":"Trust ownership"},"sourceIds":["src-fatf-legal-arrangements-2024"],"status":"established"},{"basis":"The beneficiary has immediate and absolute beneficial entitlement.","classificationId":"control:beneficiary-interest","dimensionId":"ownership-control","effectiveDateBasis":"stated-interval","effectiveFrom":"2022-06-01","effectiveTo":null,"scope":{"activityOrContext":"Immediate and absolute beneficial interest","jurisdiction":"England and Wales","ruleset":"Synthetic trust terms and HMRC TSEM1563 as at 2026-07-28","subjectRef":"bare-trust-beneficiary","taxOrRegime":"Trust ownership"},"sourceIds":["src-hmrc-tsem1563"],"status":"established"},{"basis":"CRS analysis names trust roles separately; actual reporting depends on the account and domestic implementation.","classificationId":"reporting:trust-roles","dimensionId":"reporting-classification","effectiveDateBasis":"current-at-corpus-review","effectiveFrom":null,"effectiveTo":null,"scope":{"activityOrContext":"Trust-role analysis for a hypothetical financial account","jurisdiction":"United Kingdom","ruleset":"OECD CRS 2025 subject to UK implementation","subjectRef":"bare-trust-arrangement","taxOrRegime":"Common Reporting Standard"},"sourceIds":["src-oecd-crs-2025"],"status":"conditional"},{"basis":"Trustees may act administratively even where the beneficiary is strictly chargeable.","classificationId":"obligation:trustee-administrator","dimensionId":"obligation-role","effectiveDateBasis":"stated-interval","effectiveFrom":"2022-06-01","effectiveTo":null,"scope":{"activityOrContext":"Administrative action for income and gains strictly chargeable on the beneficiary","jurisdiction":"United Kingdom","ruleset":"HMRC TSEM1563 as at 2026-07-28","subjectRef":"bare-trust-trustees","taxOrRegime":"Income Tax and Capital Gains Tax administration"},"sourceIds":["src-hmrc-tsem1563"],"status":"conditional"}],"id":"example-bare-trust","jurisdiction":"United Kingdom","label":"Bare trust with an absolutely entitled adult beneficiary","notDetermined":["The legal effect of a real trust instrument.","Residence or reporting obligations.","Any tax liability, return requirement or beneficial-owner record."],"reviewTriggers":["Obtain legal review if bare-trust status is uncertain.","Assess each income and gain under its charging rule.","Resolve trustee, settlor and beneficiary residence and reporting positions separately."],"subjects":[{"id":"bare-trust-arrangement","kind":"legal-arrangement","label":"Synthetic bare-trust arrangement"},{"id":"bare-trust-trustees","kind":"trustee-body","label":"Synthetic trustees acting together"},{"id":"bare-trust-beneficiary","kind":"natural-person-beneficiary","label":"Synthetic absolutely entitled adult beneficiary"}],"summary":"A synthetic English-law bare trust has trustees holding legal title and one adult beneficiary with immediate and absolute title to capital and income."},"interpretation":{"boundary":{"filingOrSubmission":false,"legalAdvice":false,"personalFactsAccepted":false,"singleLabelSufficient":false,"syntheticExample":true},"example":{"archetypeIds":["archetype-express-trust"],"asOf":"2026-07-28","id":"example-bare-trust","jurisdiction":"United Kingdom","label":"Bare trust with an absolutely entitled adult beneficiary","subjects":[{"id":"bare-trust-arrangement","kind":"legal-arrangement","label":"Synthetic bare-trust arrangement"},{"id":"bare-trust-beneficiary","kind":"natural-person-beneficiary","label":"Synthetic absolutely entitled adult beneficiary"},{"id":"bare-trust-trustees","kind":"trustee-body","label":"Synthetic trustees acting together"}],"summary":"A synthetic English-law bare trust has trustees holding legal title and one adult beneficiary with immediate and absolute title to capital and income."},"identityVector":[{"assertions":[{"basis":"The trust is a relationship governing property and roles.","classificationId":"legal:legal-arrangement","dimensionId":"legal-existence","effectiveDateBasis":"stated-interval","effectiveFrom":"2022-06-01","effectiveTo":null,"scope":{"activityOrContext":"Property held on synthetic bare-trust terms","jurisdiction":"England and Wales","ruleset":"English trust law and FATF legal-arrangement model as at 2026-07-28","subjectRef":"bare-trust-arrangement","taxOrRegime":"Trust law"},"sourceIds":["src-fatf-legal-arrangements-2024"],"status":"established"}],"dimensionId":"legal-existence","dimensionLabel":"Legal existence and form"},{"assertions":[{"basis":"The example assumes immediate and absolute entitlement satisfying the bare-trust treatment.","classificationId":"attribution:beneficiary-level","dimensionId":"tax-attribution","effectiveDateBasis":"stated-interval","effectiveFrom":"2022-06-01","effectiveTo":null,"scope":{"activityOrContext":"Income and gains from the bare-trust property","jurisdiction":"United Kingdom","ruleset":"HMRC TSEM1563 as at 2026-07-28","subjectRef":"bare-trust-beneficiary","taxOrRegime":"Income Tax and Capital Gains Tax"},"sourceIds":["src-hmrc-tsem1563"],"status":"conditional"}],"dimensionId":"tax-attribution","dimensionLabel":"Tax attribution and charge"},{"assertions":[{"basis":"The synthetic adult has immediate and absolute beneficial entitlement.","classificationId":"capacity:beneficiary","dimensionId":"capacity-activity","effectiveDateBasis":"stated-interval","effectiveFrom":"2022-06-01","effectiveTo":null,"scope":{"activityOrContext":"Immediate and absolute entitlement to capital and income","jurisdiction":"England and Wales","ruleset":"Synthetic trust terms and HMRC TSEM1563 as at 2026-07-28","subjectRef":"bare-trust-beneficiary","taxOrRegime":"Trust law"},"sourceIds":["src-hmrc-tsem1563"],"status":"established"},{"basis":"The trustees hold and administer the legal title.","classificationId":"capacity:trustee","dimensionId":"capacity-activity","effectiveDateBasis":"stated-interval","effectiveFrom":"2022-06-01","effectiveTo":null,"scope":{"activityOrContext":"Holding and administering legal title","jurisdiction":"England and Wales","ruleset":"Synthetic trust terms and HMRC TSEM1563 as at 2026-07-28","subjectRef":"bare-trust-trustees","taxOrRegime":"Trust law"},"sourceIds":["src-hmrc-tsem1563"],"status":"established"}],"dimensionId":"capacity-activity","dimensionLabel":"Capacity and activity"},{"assertions":[{"basis":"No trustee, settlor or beneficiary residence facts are supplied.","classificationId":"nexus:uk-domestic-resident","dimensionId":"residence-nexus","effectiveDateBasis":"current-at-corpus-review","effectiveFrom":null,"effectiveTo":null,"scope":{"activityOrContext":"Deemed trustee body for the synthetic settlement","jurisdiction":"United Kingdom","ruleset":"HMRC TSEM10020 as at 2026-07-28","subjectRef":"bare-trust-trustees","taxOrRegime":"Trustee residence for Income Tax and Capital Gains Tax"},"sourceIds":["src-hmrc-tsem10020"],"status":"unknown"}],"dimensionId":"residence-nexus","dimensionLabel":"Residence and territorial nexus"},{"assertions":[{"basis":"Registration does not decide beneficial entitlement or the person charged.","classificationId":"registration:none-determinative","dimensionId":"registration-grouping","effectiveDateBasis":"current-at-corpus-review","effectiveFrom":null,"effectiveTo":null,"scope":{"activityOrContext":"Effect of registration on beneficial entitlement and attribution","jurisdiction":"United Kingdom","ruleset":"HMRC TSEM1563 as at 2026-07-28","subjectRef":"bare-trust-arrangement","taxOrRegime":"Trust administration"},"sourceIds":["src-hmrc-tsem1563"],"status":"established"}],"dimensionId":"registration-grouping","dimensionLabel":"Registration, election and grouping"},{"assertions":[{"basis":"The beneficiary has immediate and absolute beneficial entitlement.","classificationId":"control:beneficiary-interest","dimensionId":"ownership-control","effectiveDateBasis":"stated-interval","effectiveFrom":"2022-06-01","effectiveTo":null,"scope":{"activityOrContext":"Immediate and absolute beneficial interest","jurisdiction":"England and Wales","ruleset":"Synthetic trust terms and HMRC TSEM1563 as at 2026-07-28","subjectRef":"bare-trust-beneficiary","taxOrRegime":"Trust ownership"},"sourceIds":["src-hmrc-tsem1563"],"status":"established"},{"basis":"Trustees hold legal title under the synthetic arrangement.","classificationId":"control:trustee-legal-title","dimensionId":"ownership-control","effectiveDateBasis":"stated-interval","effectiveFrom":"2022-06-01","effectiveTo":null,"scope":{"activityOrContext":"Legal title to the trust property","jurisdiction":"England and Wales","ruleset":"Synthetic trust terms and FATF legal-arrangement guidance","subjectRef":"bare-trust-trustees","taxOrRegime":"Trust ownership"},"sourceIds":["src-fatf-legal-arrangements-2024"],"status":"established"}],"dimensionId":"ownership-control","dimensionLabel":"Ownership, control and benefit"},{"assertions":[{"basis":"CRS analysis names trust roles separately; actual reporting depends on the account and domestic implementation.","classificationId":"reporting:trust-roles","dimensionId":"reporting-classification","effectiveDateBasis":"current-at-corpus-review","effectiveFrom":null,"effectiveTo":null,"scope":{"activityOrContext":"Trust-role analysis for a hypothetical financial account","jurisdiction":"United Kingdom","ruleset":"OECD CRS 2025 subject to UK implementation","subjectRef":"bare-trust-arrangement","taxOrRegime":"Common Reporting Standard"},"sourceIds":["src-oecd-crs-2025"],"status":"conditional"}],"dimensionId":"reporting-classification","dimensionLabel":"Reporting classification"},{"assertions":[{"basis":"Trustees may act administratively even where the beneficiary is strictly chargeable.","classificationId":"obligation:trustee-administrator","dimensionId":"obligation-role","effectiveDateBasis":"stated-interval","effectiveFrom":"2022-06-01","effectiveTo":null,"scope":{"activityOrContext":"Administrative action for income and gains strictly chargeable on the beneficiary","jurisdiction":"United Kingdom","ruleset":"HMRC TSEM1563 as at 2026-07-28","subjectRef":"bare-trust-trustees","taxOrRegime":"Income Tax and Capital Gains Tax administration"},"sourceIds":["src-hmrc-tsem1563"],"status":"conditional"}],"dimensionId":"obligation-role","dimensionLabel":"Filing, payment and withholding role"}],"notDetermined":["The legal effect of a real trust instrument.","Residence or reporting obligations.","Any tax liability, return requirement or beneficial-owner record."],"overlaps":[{"dangerousShortcut":"Naming one universal owner or taxpayer for the trust.","id":"overlap-trust-title-benefit-and-attribution","label":"Trust legal title, benefit, control and tax attribution","matchedAssertions":{"beneficiary-interest":{"classificationId":"control:beneficiary-interest","dimensionId":"ownership-control","scope":{"activityOrContext":"Immediate and absolute beneficial interest","jurisdiction":"England and Wales","ruleset":"Synthetic trust terms and HMRC TSEM1563 as at 2026-07-28","subjectRef":"bare-trust-beneficiary","taxOrRegime":"Trust ownership"},"status":"established"},"trust-arrangement":{"classificationId":"legal:legal-arrangement","dimensionId":"legal-existence","scope":{"activityOrContext":"Property held on synthetic bare-trust terms","jurisdiction":"England and Wales","ruleset":"English trust law and FATF legal-arrangement model as at 2026-07-28","subjectRef":"bare-trust-arrangement","taxOrRegime":"Trust law"},"status":"established"},"trustees-title":{"classificationId":"control:trustee-legal-title","dimensionId":"ownership-control","scope":{"activityOrContext":"Legal title to the trust property","jurisdiction":"England and Wales","ruleset":"Synthetic trust terms and FATF legal-arrangement guidance","subjectRef":"bare-trust-trustees","taxOrRegime":"Trust ownership"},"status":"established"}},"meaning":"Trustees can hold legal title, beneficiaries can hold or expect benefit, reporting regimes can name controlling roles, and tax can attribute an item to trustees, beneficiaries or a settlor.","sourceIds":["src-fatf-legal-arrangements-2024","src-hmrc-tsem1563","src-hmrc-tsem4200","src-oecd-crs-2025"],"status":"established"}],"review":{"conflictingDimensionIds":[],"inactiveAssertionIds":[],"reasons":["Assertion residence-nexus:nexus:uk-domestic-resident@bare-trust-trustees|United Kingdom|Trustee residence for Income Tax and Capital Gains Tax|Deemed trustee body for the synthetic settlement|HMRC TSEM10020 as at 2026-07-28 is unknown.","Assess each income and gain under its charging rule.","Bare-trust status is uncertain.","Classes of beneficiaries, protectors or cross-border residence are present.","No active established, conditional, disputed or not-applicable assertion covers residence-nexus.","Obtain legal review if bare-trust status is uncertain.","Resolve trustee, settlor and beneficiary residence and reporting positions separately.","Settlor-interest rules may apply."],"status":"needs-review"},"schema":"taxsorted.tax-identity-interpretation/1","sourceIds":["src-fatf-legal-arrangements-2024","src-hmrc-tsem10020","src-hmrc-tsem1563","src-hmrc-tsem4200","src-oecd-crs-2025"],"unresolvedDimensionIds":["residence-nexus"]},"schema":"taxsorted.uk.tax-identity-example-detail/1","sources":[{"authorityLevel":"official-guidance","id":"src-hmrc-tsem1563","jurisdiction":"United Kingdom","limitations":["Whether a trust is bare depends on its terms and facts and can require legal advice."],"publisher":"HM Revenue & Customs","retrievedAt":"2026-07-28","supports":["A bare-trust beneficiary with immediate and absolute title is strictly chargeable on the trust income and gains.","Trustees can act administratively without becoming the person strictly charged."],"title":"TSEM1563: Bare trusts","url":"https://www.gov.uk/hmrc-internal-manuals/trusts-settlements-and-estates-manual/tsem1563"},{"authorityLevel":"official-guidance","id":"src-hmrc-tsem10020","jurisdiction":"United Kingdom","limitations":["The deemed-person rule is tax-specific and does not turn the trust arrangement into a general-law legal person."],"publisher":"HM Revenue & Customs","retrievedAt":"2026-07-28","supports":["For Income Tax and Capital Gains Tax, trustees of a settlement are treated as a single deemed person distinct from the actual trustees.","The trustee-residence rules and their effective dates must be applied to the settlement and period in question."],"title":"TSEM10020: Trustees as a single person and trustee residence","url":"https://www.gov.uk/hmrc-internal-manuals/trusts-settlements-and-estates-manual/tsem10020"},{"authorityLevel":"official-guidance","id":"src-hmrc-tsem4200","jurisdiction":"United Kingdom","limitations":["The detailed statutory conditions and exceptions control."],"publisher":"HM Revenue & Customs","retrievedAt":"2026-07-28","supports":["Some settlement income can be treated as the settlor's income."],"title":"TSEM4200: Settlor-interested settlements","url":"https://www.gov.uk/hmrc-internal-manuals/trusts-settlements-and-estates-manual/tsem4200"},{"authorityLevel":"model-standard","id":"src-oecd-crs-2025","jurisdiction":"International","limitations":["Domestic implementation and effective dates control reporting obligations.","The 2025 consolidation includes amendments whose first exchanges are expected later."],"publisher":"OECD","retrievedAt":"2026-07-28","supports":["CRS Entity, Financial Institution, Active NFE, Passive NFE and Controlling Person are separate reporting classifications.","A trust's controlling-person roles include settlors, trustees, protectors, beneficiaries or classes and other persons exercising ultimate effective control."],"title":"Consolidated text of the Common Reporting Standard 2025","url":"https://www.oecd.org/content/dam/oecd/en/publications/reports/2025/04/consolidated-text-of-the-common-reporting-standard-2025_e478bc04/055664b1-en.pdf"},{"authorityLevel":"model-standard","id":"src-fatf-legal-arrangements-2024","jurisdiction":"International","limitations":["The governing law and domestic implementation remain decisive."],"publisher":"Financial Action Task Force","retrievedAt":"2026-07-28","supports":["A trust is a legal arrangement governing relationships between parties rather than necessarily a legal person.","Trust roles and ultimate effective control must be kept distinct."],"title":"Guidance on Beneficial Ownership and Transparency of Legal Arrangements","url":"https://www.fatf-gafi.org/content/dam/fatf-gafi/recommendations/Guidance-Beneficial-Ownership-Transparency-Legal-Arrangements.pdf.coredownload.inline.pdf"}]}