Changes in Declaration of Trust

Hi there, Just wondering if husband put his solely owned property in Declaration Trust to give the wife 100% beneficiary ownership, then decide to transfer the legal ownership fully to the wife later on. Does that mean they will need to close the Trust? The wife just carry on the Tax return as usual? Any other tax implications? Thank you.

Hi ,
 

Thank you for your question I would suggest contacting trust helpline  03001231072 for advice on closing a trust . Thank you .