Hi
When a Trust is wound up would the beneficiaries incur CGT and stamp duty on the assets transferred/distributed to them? or only when they sell them?
Just completing my due diligence on Trusts, I have spent hours searching this forum and the net but cant seem to pinpoint a direct answer........I'm trying to weight up the differences between when a natural person wills IP assets and when a Trust is wound up and distributes its assets to beneficiaries.
Many thanks
When a Trust is wound up would the beneficiaries incur CGT and stamp duty on the assets transferred/distributed to them? or only when they sell them?
Just completing my due diligence on Trusts, I have spent hours searching this forum and the net but cant seem to pinpoint a direct answer........I'm trying to weight up the differences between when a natural person wills IP assets and when a Trust is wound up and distributes its assets to beneficiaries.
Many thanks
