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Posted Fri, 08 Mar 2024 11:42:11 GMT by Vickyh1
My mother has recently passed, and has trusts in the Isle of Man, she was paid income from these and I am under the impression that if I were to surrender the trusts I would pay tax on the Chargable gain at 45% is this correct ? It is very complicated, it also mentions Segments gain per single segment?
Posted Tue, 19 Mar 2024 09:30:53 GMT by HMRC Admin 8 Response
Hi,
Please refer to:
How Inheritance Tax works: thresholds, rules and allowances or telephone 0300 123 1072
Thank you.

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