tw.other

Further to the above my father who setup the trust was a NZ citizen who's never lived or worked in the UK. Thanks
 

Hi. I've read a ton of information from that link and I'm still no wiser on my situation. I was hoping for a more detailed response here based on my current situation I detailed above. Thanks Both rec on 06/08/2024 .

Hi. I've read a ton of information from that link and I'm still no wiser on my situation. I was hoping for a more detailed response here based on my current situation I detailed above. Thanks

My father passed away and I've inherited (along with my sister) a family trust that contains his house which was set up in New Zealand in 1998. We plan to sell the house and dissolve the trust. I've lived and worked in the UK since 2006. When the funds are distributed will I be liable for tax on the money I receive? I've been told trusts are treated differently from the rest of the estate which wouldn't be taxed. Thanks