Using a held over capital loss as a beneficiary of Trust with a gain

This is probably a stupid question but I'd hate to break my pattern now

I have a carried over loss of an (extremely poorly timed) sale of a property a few years back in my personal name.

I am beneficiary of a HDT, which is about to make a capital gain on sale of some shares (I want the dough for NI investment).

How is the HDT meant to treat that gain ? I know it can't retain income at the end of the year, and it should be distributed to beneficiaries.

Is the CG distributed to beneficiaries also and if so can I offset that against the loss I am sitting on ?

Cheers
Carl

I don't know enough about HDTs to comment on that aspect, but for an ordinary discretionary trust, if it makes a capital gain, that capital gain would be distributed to the chosen beneficiaries at the end of the year ... and if the beneficiary personally has a carried over capital loss, then that would be used to offset the capital gain.

Will need to wait for NickM's feedback here (don't forget he's still on leave).

Thanks Sim' - that sounds sensible. I'll wait for NickM then, see if we can make him forget he's had a holiday ;-)

What holiday ?

would have to check your deed but the trust shold be able to distriibute the CG to you in order for you to offset your carry forward loss

cheers
Nick