Trust taxation
The taxation of trusts from 6 April 2023 (and beyond)
There are some important changes to the taxation of trusts on the horizon. This blog summarises these changes and how they may affect trustees. Capital gains tax The capital gains tax (CGT) annual exempt amount available to trustees is reducing from 6 April 2023. The annual exempt amount (AEA) is the amount of capital gains that trustees can realise during a tax year that are exempt from capital gains tax. In 2022-23, the CGT AEA Read more…