Hi
Mum's house is in family Trust.
Mum dies
Trust sells house
Splits money 4 ways to 4 children.
Trust closes
Does that money get taxed?
If yes when...Trust pays tax or each child pays individual tax on their payout?
Thanks
Richard
Mum's house is in family Trust.
Mum dies
Trust sells house
Splits money 4 ways to 4 children.
Trust closes
Does that money get taxed?
If yes when...Trust pays tax or each child pays individual tax on their payout?
Thanks
Richard
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