thanks for the help thus far Dave and the article reference

i think you are right but would the putative "new" member only be in for capital gains tax, or would he have other financial obligations before he may enjoy the transfer of the interest...ie: securities transfer????

also am i correct that CGT is still at 20% and due only at the end of a tax return year??

and one more, is that if CGT would be 10% for a special trust, it might not help as i beleive in a CC, only natural persons may hold the interest??