Commentary

C1.203 Nominees and bare trustees

Capital gains tax
Capital gains tax | Commentary

C1.203 Nominees and bare trustees

Capital gains tax | Commentary

C1.203 Nominees and bare trustees

Capital gains tax treatment where asset held by nominee or bare trustee

Where a nominee holds property on behalf of another person (or persons), that property is treated as if it is vested in the person for whom they are nominee, and the acts of the nominee are treated as the acts of the person for whom they are nominee1.

The position is the same for bare trustees, that is trustees holding assets for a beneficiary (or beneficiaries) absolutely entitled thereto as against the trustees, or who would be so entitled but for being an infant

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