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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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Absolute entitlement: indivisible assets: English land/trusts

Thus if, in the example in CG37520, the trustees own a piece of land, Blackacre, then A, B and C should be regarded as becoming jointly absolutely entitled to Blackacre as tenants in common when C attains age 25 and the trustees as disposing of Blackacre under Section 71(1) on that date.