Readers’ forum: Position of land-holding partnerships under the trust registration service

I am confused as to the position of partnerships under the trust registration service (TRS) particularly as concerns land held by farming partnerships.

This issue was covered in Taxation by Julie Butler and Philip Whitcomb in ‘Don’t bury your head in the sand’ 30 June 2022 page 18 but I see a range of views being expressed in various publications and online forums often from commentators whose views I respect.

Can anybody give me a definitive answer on whether a farming partnership – where the land is held by one or more partners on behalf of the partnership – needs to register?

Is registration only required when the partnership agreement or deed explicitly says that the property is held on trust for the partnership or is it the source of funds which were ultimately used to acquire the asset which matter?

Surely there must...