Q&As

Do the requirements for a complex estate to be registered and report estate income and gains via the Estate Registration Service apply where the total proceeds of any assets sold in a tax year during the administration period exceeds £500k or only where the proceeds of an individual asset sale exceed this amount? Is the disposal of an ISA covered by these requirements?

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Produced in partnership with Chris Bryden of 4 King’s Bench Walk
Published on: 09 August 2023
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The Estate Registration Service (ERS) was established at the same time as the Trust Registration Service, which was brought in to implement the requirements of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017), SI 2017/692. Although the various stringent requirements of the MLR 2017 do not apply to estates, the system used is the same.

The ERS requirements apply to estates in administration in the UK where any of

Chris Bryden
Chris Bryden

Barrister, 4 King’s Bench Walk

Chris was called to the Bar in 2003 and since that time has built a busy practice across a range of areas, with an emphasis on Chancery practice. He enjoys a well-deserved reputation for his knowledge and expertise in each area. He appears regularly in the County Court, Family Court and the High Court as well as various specialist Tribunals, and has been involved in cases up to and including the Supreme Court. He regularly is instructed at Appellate level. He has extensive and wide-ranging experience particularly in the areas of wills, probate and inheritance disputes; property including adverse possession, boundary disputes and issues arising out of trusts of land; company and commercial work and financial remedies. Chris is head of the Family Group and head of the Property Team at 4KBW.

Chris is the author of numerous articles in publications such as the New Law Journal, Counsel and Family Law, amongst many other titles, and is the co-author of Social Media in the Workplace: A Handbook (2015, Jordan Publishing).

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