Heather Mitchell
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RE: Is CGT payable when putting property into a bare trust for wife?
Hi, sorry but I don't understand that guidance at all. Can one of your experts please answer my questions? -
Is CGT payable when putting property into a bare trust for wife?
We have a client who has sold a property and we asked him for details so we could work out his CGT liability. He provded a deed of trust, dated the day before the sale completed, putting 20% of the property into a bare trust for his wife. 1) Is this a legitimate course of action? 2) Is this 20% transfer into the bare trust treated as a disposal at market value for CGT purposes or 3) Is it a disposal with no gain/no loss as the bare trust is for his wife? We need to complete the 60day CGT return shortly so your assistance would be much appreciated. -
Double taxation relief - income from one country but tax paid in another
I have a client who moved to the UK in 2022 and will be treated as UK resident fo the whole of 2022/23. He is a dutch national in receipt of dutch pensions but he has been living in Spain for a number of years. He was still registered as a Spanish tax resident for 2022 and paid tax there on his dutch pensions. Is there any way he can claim tax relief here for the spanish tax paid on his dutch pensions?