Hello - hope somebody can help with my question...
I am a trustee of an IIP Trust. The only assets in trust at one point last year were unquoted shares which were BPR qualifying. The trustees made an appointment out of trust for some of these shares - transferring them to the trust beneficiaries.
Do I need to declare this appointment out of trust? What form(s) do I use? Much of the guidance I've found seems to relate to Discretionary Trusts and not IIP.
Thanks in advance.
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