TQOTW: DISCRETIONARY TRUSTS AND 10 YEAR CHARGES
Tax Question of The Week: Discretionary Trusts & 10 year charges | 16th December 2020
My client is a husband and wife who have settled a jointly held rental property worth £400,000 into a discretionary trust for their grandchildren. If the property value stays the same in ten years’ time would the trustees have a ten-year charge to pay as the value would be over the £325,000 nil rate band?
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