SA900 and transfer of shares out of trust

[jokerman]

Hi - hope somebody can help.

I'm filling in the SA900. During the year there was a transfer of shares out of trust to beneficiaries. Do I declare this as
1. CGT item (with a gain of zero because gain held over);
or
2. An annual distribution of capital in question 11 (actual question is : Were any annual payments made out of capital or out of income not brought into charge to Income Tax?)
or both?

Does it matter if I send in the IHT100 forms after the return or do they need to be submitted before?

Also, there is a question in CG4: "If the trust was made after 6 June 1978 how many trusts that were made after 6 June 1978 by the settlor of this trust still existed during the year to 5 April 2018?" - does this mean all types of trust or trusts of this same type? e.g. would I count discretionary and IIP trusts?

Would appreciate any help - thanks!

[AGoodman]

option 1. Q11 is dealing with a specific issue which is unlikely to apply if you have just decided to distribute some shares.

IHT100 - normal deadline applies. They are dealt with separately.

CG question - you would count them all as the question is to do with the annual CGT exemption applicable to the trusts (essentially, you divide the available exemption by the no. of trusts)