I think its more aimed at the "doer Upper". Tricky area as it avoids tax on labour put into the doing up as well as the gain made on the sale.
Family trusts will be a whole other kettle of fish. You have your relatively straight forward home that the trust beneficiaries live in. But then you also have income producing farms held in trust. Trusts will be a complication
Edit - when I say avoid I don't mean "avoid". A better word will come to me.
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