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I am a trustee for a trust which is being wound up. The trust

Customer Question

I am a trustee for a trust which is being wound up. The trust owned a property which has just been sold and some shares all of which have been sold. What will be the capital gains tax rate for both of these please?
Martin Turner
Submitted: 2 years ago.
Category: Tax
Expert:  bigduckontax replied 2 years ago.

Hello, I'm Keith and happy to help you with your question.

Before I can respond I need to know what type of trust is being wound up. Here is HMRC's guidance of trust types:

http://www.hmrc.gov.uk/trusts/types/

I am off to bed now and will give your reply full attention first thing tomorrow morning.

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