Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

As a beneficiary do I have to pay capital gains tax on gains that the trustees make?

0
Posted

As a beneficiary do I have to pay capital gains tax on gains that the trustees make?

0

No. The beneficiaries are not taxed on trust gains. They do not get credit for capital gains tax that the trustees pay (except for beneficiaries of bare trusts).

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123