Husband died 1971 and left a life interest to widow. Trust comprises quoted shares worth £1 million having CGT base cost of £200,000. On death of widow will the trust assets pass to her children free of IHT and CGT? Seems too good to be true but that's how I read the Estate duty rules. Are there any catches?
2nd Dec 2010
1
No IHT! No CGT! Wow!!!
No IHT! No CGT! Wow!!!