I am sure I should know the answer to this but, is it necessary to disclose (or for the client to do so) setting up a relevant property trust which will hold one half share of a residential property, where the only exemption to be used is the nil rate band and capital gains tax holdover relief? I do not think that this comes within the confidentiality or premium fee hallmarks as it is not a scheme or new but how would HMRC view it? Is it better to disclose than not?
Amanda Woolven
The Oakley shee Partnership