My two siblings and I own a building plot on which we expect to get planning permission. We would then sell it and realise a capital gain in excess of our combined annual exemptions. We are considering sharing the ownership with our respective spouses through a deed of trust. The total property value will then be split between us with each having a beneficial interest.
I'd be grateful if someone could confirm if we can utilise a trust so that all six of us will receive the full Capital Gains Tax annual exemption of £11,100. I've read that trustees of some trusts are only given an annual exemption of £5,550.
Many thanks
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