by pake on Tue Nov 28, 2006 9:01 am
I have been reading many questions and answers on this forum and am now thoroughly confused. I hope someone can help me.
My husband died a year ago. I had a deed of variation drawn up setting up a nil rate band discretionary trust. The only thing in it is his share of the house. If I were to sell the house would the trustees be liable for CGT on their share of the sale?
The solicitor who set up the DoV told me I would be able to sell the house, buy another and split any excess cash between the beneficiaries, with the agreement of the trustees. He did not mention CGT.