CG38440 | Settlement - TCGA92/S86

From HM Revenue & Customs · Capital Gains Manual

There is no statutory definition of settlement for the purposes of TCGA92/S86. Therefore settlement has its ordinary meaning and a properly constituted trust other than a bare trust will be a settlement. However, a significant restriction on the types of settlement caught comes from the definition of settlor in TCGA92/Sch5para7, CG38445.