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45% income tax on property held in trust?
Comments
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The CGT is based on occupied/unoccupied time and there is a 9month extra at the end.
If the trust ends you inherit you share and base for CGT gets set but you get no PRR moving forward.
Your mums benefitial interest from the trust ends and becomes a PET on her estate.
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Looking at it from the opposite point of view. I believe you can recieve rent from a lodger of up to £7500 pa.
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not read the whole thread, but that would be true only if OP were living in the property as his own main home and since the OP says "when I inherit" that implies it is not the casebadmemory said:Looking at it from the opposite point of view. I believe you can recieve rent from a lodger of up to £7500 pa.0
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