matty4810Participant@matty4810Join Date: 2019Post Count: 0
Can someone please inform me of who should I contact to set up and transfer a current property in my name to trust.davidParticipant@b0na5Join Date: 2019Post Count: 0
I would start by chatting to a solicitor. Just be mindful that when transferring property into a trust you will need to pay stamp duty and CGT.Ian BridgemanParticipant@ian-bridgemanJoin Date: 2019Post Count: 0
Start with your Accountant.TerrywParticipant@terrywJoin Date: 2001Post Count: 16,190
Well trusts are legal devices and only lawyers should advise on them. But transferring property to a trustee or declaring a trust over property will be a CGT event so perhaps a tax agent would be best for the first point of call as if the CGT is large you might not want to proceed.
Ones you think it is worth considering them you need to seek legal advice on
a) the legal consequences, and then
b) the terms of the trust, structuring the trustee, how to fund the trust etc.
Actually first point of call might be a broker as not having the ability for the trustee to finance it may mean there is no point.matty4810Participant@matty4810Join Date: 2019Post Count: 0
Thank you, everyone, for the advice, Much appreciated.TerrywParticipant@terrywJoin Date: 2001Post Count: 16,190