Home Forums Money matters Shares from Trust to Beneficiary

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #1228114
    cadanochemeinvento
    Participant
    • Total posts: 1

    Hi, I’m new in the forum.

    My father wants to transfer me some shares that are in the Family Trust. I’m a beneficiary, My dad is the trustee. What’s the smartest way to do this move in regards to tax implications? I’m happy to receive it in the form of shares not money if that makes it better. We are aware there will be capital gains for the trust to pay since the shares went up in value, but we wonder whether I’d have to declare the asset as Income therefore affecting my personal tax..? I don’t know, I’m only starting to try to understand the system but I find it very complex!

    Thanks for any help!

    Pip

    #1228120
    Paul – FS Concierge
    Keymaster
    • Total posts: 3,175

    Hi and welcome to Flying Solo Pip.

    It’s good to have you.

    Your question can have both current and future tax implications so seeing an Accountant is in your interests.

    Cheers
    Paul

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.