Hi there, I'm currently holding a property under my own name as a trustee for my old folks (they are the beneficiary in this property trust) and they are holding a caveat for the property as well.
As such, I am aware if they pass one day, the property will have to be distributed equally to me and my siblings due to the caveat and this is a property trust whereby parents are the beneficiary.
Just wondering what are the implications in terms of the inheritance tax / CGT etc for me and my siblings in the future.
Note: I don't have / hold any other real properties under my name.
As such, I am aware if they pass one day, the property will have to be distributed equally to me and my siblings due to the caveat and this is a property trust whereby parents are the beneficiary.
Just wondering what are the implications in terms of the inheritance tax / CGT etc for me and my siblings in the future.
Note: I don't have / hold any other real properties under my name.
