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Sam
Sam, Accountant
Category: Tax
Satisfied Customers: 7327
Experience:  26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
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if we put into a trust for the benefit of our 2 daughter, aged

Customer Question

if we put into a trust for the benefit of our 2 daughter, aged 52 &51, a proprty which is let worth £170,000 would tgere be any capital gains problems?
Submitted: 4 years ago.
Category: Tax
Expert:  Stuart J replied 4 years ago.

Why are you putting the property into a trust?

What exactly do you want to achieve?

Customer: replied 4 years ago.

I am 81 years old and feel it would inheritance tax.

Expert:  Stuart J replied 4 years ago.

I need to know exactly what you propose to do and why.

Are you going to continue to live in the property?

Customer: replied 4 years ago.


I would like the family to take over responsibility of looking after the rented property and also reduce our inheritance tax liability

Expert:  Stuart J replied 4 years ago.
Will you get the rent or will they? Why dont you simply transfer the property to them?
Expert:  Stuart J replied 4 years ago.
Can I assist further with this?