we have been asked to prepare a 10 year charge calculation for two trusts. each created by the same settlor, within 2 days of each other. No additions were made to either trust since original settlement
The IFA, who advised, just made comment that each would benefit from a full NRB.
Surely the second Trust (created two days after the first), would have a NRB but it would be reduced by the value of the first trust. Am I missing something?