Capital Gains

eskbanker

Hitting said:

No legal/financial advice obtained....purchase and trusteeship were executed at same time, ie when bare trust set up.
Dont know whether this helps?

If the grandparent bought assets and immediately set up the bare trust in which to hold them, then there effectively can't be any gains attributable to the grandparent.  Liability for tax on the assets held in the trust rests with the grandchild (not the trustees) thereafter, so the value at the point of trust creation is the starting point for measuring capital gains.

If you have further questions, it would probably be worth spending a bit more time and effort describing the situation more comprehensively, as this drip-feeding approach isn't a particularly efficient way of teasing out the relevant details....

Hitting

If you have further questions, it would probably be worth spending a bit more time and effort describing the situation more comprehensively, as this drip-feeding approach isn't a particularly efficient way of teasing out the relevant details....

Sorry..will do!....thanks for your help!