Joe Smith

Hi If shares that are currently held in a Trust and are transferred to a brokerage account in my personal name as a gift I assume there is no CGT consequences for me at the date of transfer. They were bought in the Trust a couple of years ago and the market value at the date of transfer is £50k. If these are then subsequently sold in my person account for a market value of £90k, I assume my taxable CGT is the £40k being the difference between the market value on the date they were gifted and the market value on the date of disposal. Thanks!