A little bit off topic but just to throw it out there for the professionals to ponder over: Peter’s comment ‘And you will NEVER get the main residence exemption in a trust” may not necessarily be correct.

There is a scenario where the beneficiary lives/rents the property in the trust (IT 2167 allows this). A long term lease contract (+50 years)…[Read more]

Is anyone else in need of this material? PM me