Tax Implications on selling Trust property

[fitzpatrick]

my husband died and left me the house to live in until i die then it goes to my 3 children. he also left them a trust of £500,000, and there are 3 trustees looking after this.I would like to sell the house im living in and buy somewhere smaller. i anticipate that the house will sell for £800,000 and have seen somewhere i like for £200,000. i would like each of the children to be given a share of the £600,000 balance now rather than when i die.
i need to know the tax implications of this. What tax will need to be paid??

[maths]

Subject to the precise terms of the trust the trustees could sell the house and any capital gain is likely to be CGT exempt as you have lived in it.

The trustees could then appoint the cash to you and the children. This would incur no CGT but possibly an IHT charge depending upon the circumstances.

When did your husband die?

Presumably all the children are over age 18?