What are the tax advantages associated with Capital Gains Tax (CGT) and Testamentary Trusts?
Maximize Wealth: CGT & Testamentary Trust Tax Benefits
Testamentary trusts offer potential benefits related to CGT. Capital gains can be distributed to beneficiaries with a potential 50% CGT discount, even if the assets were held for less than 12 months by the trust, provided the original owner held them for at least 12 months.
