A Trust is not an individual but also not a company in the normal sense — it’s a legal arrangement.

According to the guidelines for DAC7 a seller is defined as a user, whether an individual or an entity, who is registered on the platform and carries out a relevant activity (e.g. rental of immovable property).

A Trust is treated as entities for DAC7 reporting purposes. It is therefore classed as a business.

The details entered for Trusts should include:
Name: Use the full legal name of the trust.
TIN (Tax Identification Number): Use the Trust’s tax reference number, if it has one.
Address: Use the registered address of the Trust.