Hi
Would anyone be able to help please? Our two children have a property in bare trust (inherited recently from their uncle). One of them, who is 16, is considering living at the property as the house is nearer his school and cuts down on a ridiculous commute. If we were to sell the property at some later stage, what would the CGT liability be, given that the property would be one of the beneficiaries' main property? His sister (who is the other beneficiary) is only 11 and lives at home with us. The bare trust is for equal shares of the house.
Thank you
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