I have a case where husband and wife owned their residence as Tenants in Common in equal shares.
Husband has died and in his Will he has left his wife a life interest in his half share in the property. The executors and trustees in the Will are his wife and their two children. One child lives and is ordinarily resident in the Netherlands.
My query so far as the trust is concerned is whether there will be any adverse tax consequences as a result of him being a trustee and him not being a UK resident and in particular the Capital Gains Tax position on the eventual sale of the house?
Any input would be appreciated.
Progressive Wills Ltd