T Simpson

A transfer of beneficial interest in a residential property took place by a 'declaration of trust'. Property was previously held in equal beneficial shares but A transfers to B leaving A with only 0.1% and B with 99.9%. The gain is being calculated based on MV (not at arms length). Does this need reporting under the 60 day rule and will it be based on the date of the declaration of trust? It is a deed so there is no exchange of contract date or completion date.