Kim Mynard

I would very much appreciate some advice. My mother divided her estate between myself and my daughters. Some investment remains in a property and a bond but I invested some cash into a bond for my daughters which was held in Trust as they were very young at the time. I decided to allow my eldest daughter (now 19) to cash in her bond in order to pay for educational training which otherwise would have meant she needed to take out a loan with expensive interest rates. Now that she has cashed in it I am assuming she needs to pay capital gains tax on the profit that the bond made. I am confused by the whole Trust thing. I complete a Trust tax return each year as my daughters receive an a small income form the property which is rented out. Presumably she will also have to complete a self-assessment tax return as well as she has also received interest above the £1000 threshold on this money whilst waiting to make the next instalment in her training.