ciara12

Hi, What IHT implications are there on the below; When a parent died they left money in a trust, the trustees then bought a property with the money. The trust isn't 10 years old but could you advise on what happens if it is. Is there a exit charge if the property is going to be transferred into the beneficiaries name. Thank you.

Hi, Would there be capital gains on the below example; When a parent died they left money in a trust, the trustees then bought a house with the money. When the beneficiaries turn a certain age they have access. Is there capital gain when the property is changed from trust to the beneficiaries name. Thank you.