CGT on house in duscretionary trust

[worden]

Hell there

i am in the process of considering setting up a Discretionary Trust by DOV, A half house being the Assets. In the paper work that my Solicitor has given me it says that if the house were to be later sold Capital Gains would be 40% as Trustees. I have raised this issue with Tax- schmax (who i have the utmost respect for as he always gives expert advice and do not wish to upset in any way, my utmost gratitude to your replies,) but just confused as to the difference ---- am i missing or misunderstanding something in my ignorance ? Can anyone in particular tax-Schmax shed light?

[pqtaxation]

See CG manuals for PPR on settled (in trust) property

http://www.hmrc.gov.uk/manuals/cgmanual/CG65400+.htm

[worden]

thanks---- and thanks Tax-Scmax who has benn confirmed correct!! just shows how useful these sites are!!