Anna Milan
Joined: 10/23/2024
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Tax on sale of woodland held in trust
About forty years ago, my parents purchased a piece of woodland and placed it in trust for my sister and I. We're currently selling the woodland, and expect it to sell for £20,000-£25,000 in total. The proceeds after estate agent's fees will be split between my sister and I. I'm a little confused about what tax will payable on this - please can you advise?