Land Trust / Capital Gains Question.

Hi group. Hope this finds you all well.
Does anyone have any knowledge on how placing a property into a Land Trust would (or would not) affect that property and potential capital gains taxes?
We have a property in California … it has been non-owner occupied (rental) for 2 years in May 2008.
If that home is transferred into a Land Trust (and the beneficiary and / or trustee is NOT the original home owner) … does anyone know how that will affect capital gains taxes (if at all)?

There is no taxable event if the owners transfer title to a land trust and remain beneficiaries. When the beneficiaries change, the new basis is the value on that date. There are also gift tax issues you should research.