Discretionary Trusts


Michael Mause

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


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