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Official guidance
Capital Gains Manual

CG37880P · Capital Gains Manual: Trusts and Capital Gains Tax: Transactions creating separate settlements: Variation of trusts

  • CG37883 · Separate settlements: variations of trusts: under Variation of Trusts Act
  • CG37886 · Separate settlements: variations of trusts: instrument of variation of will or intestacy
  • CG37900 · Separate settlements: variations: identity of settlor
  • CG37910 · Separate settlements: appointments while estate in administration
  • CG37881 · Separate settlements: variations of trusts: by agreement
  • CG37882 · Separate settlements: variations of trusts: by agreement
  • CG37884 · Separate settlements: variations of trusts: under Variation of Trusts Act
  • CG37885 · Separate settlements: variations of trusts: under Variation of Trusts Act
  • CG37887 · Separate settlements: variations of trusts: instrument of variation of will or intestacy
  • CG37889 · Separate settlements: variations of trusts: instrument of variation of will or intestacy
  • CG37901 · Separate settlements: variations: identity of settlor
  • CG37902 · Separate settlements: variations: minor as settlor
  • CG37903 · Separate settlements: example
  1. Capital Gains Manual: Trusts and Capital Gains Tax: Transactions creating separate settlements: Variation of trusts: Contents
  2. Separate settlements: variations of trusts: by agreement

CG37881 | Separate settlements: variations of trusts: by agreement

From HM Revenue & Customs · Capital Gains Manual

It is also possible, with the consent of the trustees, to vary the terms of the trust. There are all kinds of variation possible. Some property may pass absolutely to beneficiaries or existing separate settlements. Clearly this must involve disposals under TCGA92/S71 (1). Other property is held on the same trusts as before and/or on different trusts.

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