Acetyl (Ia) and pivaloyl (Ib) triesters of the 1N,3N,5N-trihydroxy-1,3,5-triazin-2,4,6[1H,3H,5H]-trione (I) were synthesised. The spectrophotometric and potentiometric investigation of I revealed a weak acidic properties of triprotonic acid (pK a1 =5.23, pK a2 =6.32, and pK a3 =7.93). The MS and TGA analyses of I indicated on hydroxyisocyanate as possible degradation product. The chelating ability of I with Fe(III)-ion was preliminary explored. IR measurements of aqueous solutions of I in the presence of Fe(III) ion showed the possible chelating ability of all hydroxamic moieties. The chemical structures and properties of investigated compounds were derived from the results of IR, 1 H and 13 C NMR, UV and MS spectrometric data, as well as thermogravimetric and potentiometric analysis.