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Official guidance
Capital Gains Manual

CG37870P · Capital Gains Manual: Trusts and Capital Gains Tax: Transactions creating separate settlements: Substance of the transaction

  • CG37871 · Separate settlements: substance of the transaction
  • CG37872 · Separate settlements: substance of the transaction
  1. Capital Gains Manual: Trusts and Capital Gains Tax: Transactions creating separate settlements: Substance of the transaction: Contents
  2. Separate settlements: substance of the transaction

CG37872 | Separate settlements: substance of the transaction

From HM Revenue & Customs · Capital Gains Manual

He then compares two typical cases, the conventional use of a special power ofappointment, which would not normally give rise to a new settlement, and the exercise of apower `to appoint and appropriate a part or portion of the trust property to beneficiariesand to settle it for their benefit.’ In the latter case it would probably be a newsettlement.

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