CGT on shares

Hi If shares that are currently held in a Trust and are transferred to a brokerage account in my personal name as a gift I assume there is no CGT consequences for me at the date of transfer. They were bought in the Trust a couple of years ago and the market value at the date of transfer is £50k. If these are then subsequently sold in my person account for a market value of £90k, I assume my taxable CGT is the £40k being the difference between the market value on the date they were gifted and the market value on the date of disposal. Thanks!

Hi
The trust may have capital gains tax to pay on the gift of the shares to you.  You would use the market value at the time they were gifted to you for you to work out your gain, when you dispose of them.