Grandparents with grandchild discussing bare trust reporting rules for 2026

An update on bare trust tax reporting for 2026

Bare trust tax reporting obligations were initially announced for 2023 before being deferred to 2026 taxation years. Bare trusts must once again be reviewed to determine if there is a tax return filing obligation for 2026. What is a “bare trust”? In general terms, a bare trust exists if one or more persons have legal

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