Discretionary Nil Rate Band Trust

Hello, My grandfather passed away but set up a Discretionary Nil rate band trust before his death, Payments from the trust have been dished out to the beneficiaries and i believe the only asset in the trust was his property. Does each beneficiary need to declare this as income and complete self assessment and what are the tax implications? Thanks

Hi,
Please refer to:
Trusts and taxes
Thank you.