Central Register of Beneficial Ownership of Trusts

 

Trustees, their advisers or a professional trustee service acting on their behalf will need to submit key information in relation to each beneficial owner of the trust - and provide proof of identification. A beneficial owner can be any one of the following: 

• Settlors (the people who put the money in) 
• Trustees (the people who manage the trust) 
• Trust protectors (they oversee, monitor and control the administration of the trust by the trustees) 
• Beneficiaries (the people who could benefit from the trust) 

To provide all the relevant information, you can download and complete the Revenue Commissioner’s Beneficial Ownership Details template. For proof of identification, either a copy of a passport or evidence of a National Insurance number is needed for each beneficial owner.

 

 

ZEDRA, an independent international trust provider, can help to complete the CRBOT registration either as a standalone service or 

as part of their professional trustee service. You can find the costs for using the standalone service in ZEDRA’s CRBOT fee schedule. 

If the trustees would like ZEDRA to complete their CRBOT registration, they’ll need the following: 

• Completed ZEDRA Client Agreement 
• Copy of Trust Deed
• Copy of Passport for all beneficial owners (except for Classes of Beneficiaries)

Both the form and copy identification documents should be sent to ZEDRA directly at uktruststrs@zedra.com or ZEDRA Trusts, Booths Hall, Booths Park 3, Chelford Road, Knutsford, Cheshire, WA16 8GS 

On receipt of the completed documentation and payment, ZEDRA will then complete registration on CRBOT. They’ll provide confirmation back to the trustees of successful registration. ZEDRA will also contact Standard Life directly to confirm registration.

 

 

You can download this information by using our bulk data download tool. 

If you’ve yet to use this service, pages 25-27 of our bulk data download guide outlines how you can pull client data relating to our bonds.

 

 

Standard Life International will contact the trustees if they notice a discrepancy between their records and the CRBOT. If the register is incorrect, the trustees will need to make sure these records are updated accurately to reflect the true position of the trust.

 

 

If the CRBOT has been checked in the past - and there have been no material changes since (such as a change to beneficial owners), there’s no need for the register to be checked again. 

 

 

If there are changes to the trust which cause trustees to update CRBOT, they should also contact Standard Life with this information to enable us to update our own records. At the next trigger event we will check that the beneficial ownership information we hold aligns with CRBOT.

 

 

The following trusts are excluded from the CRBOT requirements: 

• Approved occupational pension schemes 
• Approved retirement funds 
• Approved profit-sharing schemes or employee share ownership trusts 
• Trusts for restricted shares 
• The Haemophilia HIV Trust 
• Unit trusts 

 

 

You can submit questions about the registration process to the Revenue Commissioners at NonResCRBOT@revenue.ie. 

You can also contact them by post at: 

Office of the Revenue Commissioners 
Non-Resident Registrations CRBOT Section 
Government Offices 
Spa Road Tralee V92 HYF7 
Ireland 

 

 

No. Trustees of an International Bond with Standard Life will still need to make sure their trust is registered with the UK Trust Registration Service. However, trustees don’t need to pass any evidence of this registration to Standard Life International.