My daughter has just been married and I want to start distributing the income earned from one of the investment properties currently held in trust to her. Are there capital gains tax considerations?
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Answer by LegalEagle™ staff, Melbourne 3000 VIC
- Yes. As the asset is held in trust any capital gain can be distributed and capital gains tax will only be paid at 50% of the usual amount as long as the asset is held for more than 12 months.