I have a client who is looking to settle a property into a VBT. The beneficiary definitely qualifies under s89.
The IFA has confirmed that s260 holdover relief will be required to defer the CGT but he and I both think somewhere we’ve seen that if the vulnerable person occupies the trust property as their PPR, when the property is sold, s225 relief will apply. We know that doesn’t apply in non-VBT cases, but is there an exception in this case?