FAQs - Capital Gains

Q. As a beneficiary do I have to pay capital gains tax on gains that the trustees make?

A. No. The beneficiaries are not taxed on trust gains. They do not get credit for capital gains tax that the trustees pay (except for beneficiaries of bare trusts).

There are special rules for beneficiaries of trusts with non-resident, or dual resident trustees. For further information visit the HMRC Residency area of our website.