Hi,
Grandparents passed away and both wills mentioned to create a discretionary trust for the life interest of their daughter who is disabled. Only asset in the trust is the property worth about 900,000, and approximately 200,000 was used to pay IHT off.
Daughter and her children are living in the property. Children are the trustees and would like to know if their would be a Ten year anniversary payment due and would their be anyways of avoiding is at the trust is not generating any income besides having the property within it. Would any additional charges such as CGT or income tax be due?
Thanks
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