Capital Gains Tax and trusts

My question relates to splitting the CGT allowance between how ever many trusts the settlor has. I set up a discretionary trust 9 years ago. I last put in funds 8 years ago and all funds have been distributed to the benficiaries 3 years ago. 1 year ago I set up a second discretionary trust. I plan to close the first trust in Nov 23 and therefore at the end of this financial year I will only have 1 trust. Can anyone advise me as to whether the requirement to split the CGT allowance between the settlors trusts relates to the number of trust held at ANY time in the financial year or at the END of the year when the CGT submission will b e made? Thank you

Hi susan Finch,
The settlor of the trust (also known as a truster in Scotland) in 2023 to 2024, has an annual exempt allowance for trusts of £3000.00.
If the settler has created more than one trust, this amount is shared.
Pleass have a look at :
Capital Gains Tax rates and allowances
Thank you. 
 

Thank you HMRC admin. Does this mean that a trust is counted if it was open for only part of the financial year ie closed at the end of the tax year? Thank you

Hi susan Finch,
Yes, you are correct. 
Thank you.