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Transferring capital in a Bare Trust to beneficiary

Answer
Alan Liu
Posted Tue, 05 Nov 2024 10:07:24 GMT by Alan Liu
When a property held in a Bare Trust is sold and the trustee want to transfer the proceeds of the sale to the beneficiary, can it just be done with a bank transfer from the Trust account to the beneficiary? Are there any forms or documents required?
Answer
HMRC Admin 34 Response
Posted Fri, 08 Nov 2024 13:30:04 GMT by HMRC Admin 34 Response
Hi,
That is a personal choice on how the funds are transferred.
Thank you

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