Discretionary Trust -Offshore -Taper relief

[taxiderm]

The trusts` assets are invested in an Irish OEIC
(UCITs), should the taper relief allowed to mitigate CGT be at the `personal`level, or company level, or is there a different one for Trusts.
The beneficiary is UK domiciled.

[Lee Young]

The availablility of Taper Relief will depend on how long the trustees have owned the asset. It will be non business asset taper relief.

[taxiderm]

Thanks Lee, the asset was bought in July 2002

cheers