Discretionary Trusts

Feb 02, 2004 1 Replies

Once one is up and has baeen running, paying its tax etc etc



What happens when it wants to distribute its assets (cash, shares, etc) to the beneficiaries



Clearly it must pay capital gains tax as it disposes of its assets if there is a gain But is there any capital tax or exit tax when it gives away the assets



Not something that seems to get discussed much


Not even in this news group

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