SolvedCG38430 | Administration of TCGA92/S86
From HM Revenue & Customs · Capital Gains Manual
TCGA92/S86 charges the settlor on the gains accruing to the trustees of a non-resident settlement if the settlor has an interest in the settlement. A settlor has an interest in a settlement if the settlor or members of their immediate family can benefit from it. The gains are charged in the year they accrue to the trustees.
Any liability under section 86 is dealt with WMBC Assets Edinburgh and other specialist compliance offices. Please do not enter into any correspondence on these cases without contacting WMBC Assets Edinburgh. If technical advice is needed or litigation proceedings are possible refer to HMRC Capital Gains Tax Technical.
The HMRC website asks people creating non-resident settlements to contact HMRC Trusts & Estates Non Resident Trusts. The details of how to contact us can be found at: