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[Question]
"Selling" an Inter Vivos Trust posible?
Is it possible to sell a trust, with a farm registered in the name of the trust, and what is the CGT implication if any?
If there is no mention in the trust deed about beneficiary amendments will it be possible to add the “buyer” as a beneficiary and remove the “seller”?
Thanks
Not really possible. Rather, it involves removal or replacement of the beneficiaries, and naturally the trustees. This strategy is fraught with risk because if the intention is to avoid transfer duty it will be attacked.
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